MoneyWeek/Dominic Frisby/3-3-2022
“If you thought the West was unprepared for inflation – or indeed for Russia – wait and see just how unprepared it is for this bombshell. This is the biggest story in world finance, and yet nobody, bar your intrepid blogger, is reporting on it. For those without the attention spans to read all the way to the end, let’s cut to the chase and get the main point out upfront: China has more gold than the United States.”
USAGOLD note: Frisbie offers some compelling arguments – including statistical evidence – that China has substantially more gold in its coffers than it is letting on. Like he says, if his numbers are right, it is the biggest story in the world of finance today, yet the media is ignoring it.
