Economic Power Shift from West to East, China & Russia Trade Agreements, the Role of Gold
- By : JanssenReportHost
- Category : Global Economy
Today on The Janssen Report (#74): Strong economic power bloc rising in the East, gold plays an increasingly important role.
Economic world power is shifting from West to East. Is the East just smarter or is there something bigger at play?
Whatever the case, China has been hoarding gold in silence like crazy for years and has been forging trade agreements with Russia and other BRICS nations. A big move cannot be denied.
Also: central banks are currently net buyers of gold and the physical inventory is being depleted. What happens when a good or resource becomes scarce?
Right: it gains in value/price.
Watch the video for the details:
Links to sources:
– Eric King interview with Stephen Leeb: http://kingworldnews.com/kingworldnew…
– Wikipedia on Stephen Leeb: http://en.wikipedia.org/wiki/Stephen_…
Cheers,
Marco Janssen