Jim Rickards: An Economic Pearl Harbor We Never Saw Coming!

pearl harborChina has acquired 2,000 tons of gold, and need to acquire another 2,000 tons.  China is converting large amounts of dollar derivatives contracts into physical gold. 
Tensions are rising between the US & China, and China is secretly stockpiling massive amounts of gold…

As the currency wars were heating up, China wasn’t just stockpiling gold futures contracts.  They also had their hedge funds take positions in a block of highly leveraged derivatives.  Out of the blue China orders these hedge funds to sell these secret holdings-all at the same time.  In 1 single day they dump the equivalent of the entire GDP of Canada, India, or Russia on Wall St.
An economic Pearl Harbor we never saw coming…

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