Will China Revalue Gold? Here Are The Signs | Andy Schectman
The Shanghai price of gold is higher than the COMEX price. Traders that have access to both markets can take advantage of the arbitrage. Gold will slowly move from West to East, says Andy Schectman, CEO & president of Miles Franklin. “Revalue gold and watch what happens,“ he says. Gold will certainly play a role in the future monetary system in the East, he says.
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Jamie Dimon says Washington faces a global market ‘rebellion’ over record U.S. debt: ‘It is a cliff…we’re going 60 mph towards it’
JPMorgan Chase CEO Jamie Dimon warns US economy heading towards ‘the cliff’ predicts debt ‘rebellion’
“And it’s a hockey stick,” Dimon said, describing how the debt growth would appear on a chart.
… “when it starts, markets around the world – by the way, because foreigners own $7 trillion of U.S. government debt – there will be a rebellion, and that is the worst possible way to do it.”
INTERVIEW TIMELINE:
0:00 Intro
8:50 Dedollarization
16:00 Revaluing gold
21:45 Weekly specials
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