Are the Chinese Stupid? NO!

Central banks don�t want to go to a gold standard. But if gold is a barbarous relic, if gold has no role in the monetary system, if gold is a �stupid� investment, then why do the Chinese have 5,000 tonnes? Are they stupid?

If some scenarios play out, you are going to see the price of gold go up� a lot. And it may go up a lot in a very short period of time. It�s not going to go up 10% per year for seven years and the price doubles. It�s going to chug along sideways, maybe in an upward trend, with a lot of volatility. It will have a kind of a slow grind upward� and then a spike� and then another spike� and then a super-spike. The whole thing could happen in a matter of 90 days, six months at the most.

- Source, Jim Rickards via Wall Street Pit:

http://wallstreetpit.com/100623-your-personal-gold-standard/