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China’s Collapse Is Coming, More So Now Than Ever - Gordon Chang
The world’s second largest economy is on the brink of collapse, at least that’s what best-selling author and Forbes contributor Gordon Chang believes. Author of The Coming Collapse of China, Chang gave his outlook on the country’s economy, which remains grim -- more so now than ever. ‘Chinese leaders have the ability to defer crises,’ he told Kitco News. ‘As they defer them, the underlying imbalances in the Chinese economy are getting bigger, which means when adjustments comes -- which are inevitable -- they will be severe.’ To Chang, China is in more trouble now given America’s overall influence on the country’s economy. ‘[Donald] Trump and Janet Yellen have much more effect on what’s going to go on in China than Chinese technocrats, who are at the mercy of the United States right now.’ And when this collapse happens, gold will move higher, he said. ‘People are going to the dollar as a safe haven and they’re going to go into gold because that has traditionally been where investors go when they’re really nervous.’ (show less)
The world’s second largest economy is on the brink of collapse, at least that’s what best-selling author and Forbes contributor Gordon Chang believes. Author of The Coming Collapse of China, Chang gave his outlook on the country’s economy, which remains grim -- more so now than ever. ‘Chinese leaders have the ability to defer crises,’ he told Kitco News. ‘As they defer them, the underlying imbalances in the Chinese economy are getting bigger, which means when ... (read more)
Gold & Silver Outlook 2017
Every December, Kitco News launches its Outlook series, giving viewers a unique perspective as to how experts think markets will move in the coming year. Will 2017 be the Year of the Raging Bull? Outlook 2017 will aim to answer that question by covering topics ranging from the global economy, the U.S. dollar and, of course, gold and silver. Don’t miss our coverage, which will include opinions of some of the most well-known names in the industry. And, look out for our most popular features like our coveted Invest Like The Experts series as well as our newest feature: the Most Fascinating People of 2016. Enjoy and happy holidays!Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
