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Dr. Don Woods
@DonaldW60852684
This discussion of capital leaving China because they are buying some gold is missing the bigger picture. Capital leaving China as western investors leave is far larger than the small amounts leaving buying gold. And it’s not just gold they are buying, look at the copper & iron they are stock piling. Look at the USA pork businesses they bought. Look at the USA farmland they bought. Russel Napier is well known for saying that when a country is rapidly buying foreign investments they know their currency is over valued. He correctly predicted this with Japan when Japan was buying everything they could in the USA. IMHO China knows the yuan is over valued and they are preparing for a yuan devaluation. China needs a yuan devaluation to solve their real estate debacle. And there are other reasons why a yuan devaluation is inevitable. It’s coming and China is preparing for it.
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