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The Facts Behind China's "Gold Reset"
The Facts Behind China's "Gold Reset"
Authored by Peter Reagan,
The internet loves a reset.
A “reset” takes an impossibly complicated subject and boils it down to a date, a decision and one big red button.
China’s recent gold market announcements launched a veritable cottage industry of dire warnings and hysterical predictions.
Over the past few weeks, my feeds have been absolutely flooded with claims that China’s brought back the gold standard. And that Beijing built a machine designed to “collapse the dollar.” Some warned that July 24 would mark “the end of gold trading” – somehow eliminating manipulation and revealing gold’s “real” price.
(One...
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