I should have more physical gold .Gold price per ounce
$1,990.79CAD +34.42 (today)
That's the impact of RMB devaluation.
I should have more physical gold .Gold price per ounce
$1,990.79CAD +34.42 (today)
That's the impact of RMB devaluation.
maybe white nutty living on unceded land doesn't pay attention.
You look up to him don't you?Trump is many things and stupid is one of them.
Silver will follow shortly as gold prices itself out of the common mans bubble...I should have more physical gold .
AH SO !
Trump plays poker, China plays chess.
https://www.rt.com/business/465952-trump-poker-trade-war/
It already has right in step with gold.Silver will follow shortly as gold prices itself out of the common mans bubble...
I doubt there is much downside risk at this point.
Good for him .
Trump says he will raise tariffs on Chinese goods in latest escalation of trade war
President Trump��s announcement on Twitter came after a busy day in the U.S.-China trade war, with China announcing new tariffs against the United States and Trump demanding that American companies stop doing business with China.
https://www.washingtonpost.com/busi...al_news__alert-economy--alert-national&wpmk=1
Trump accuses China of 'currency manipulation' as trade war escalates
https://www.cnn.com/2019/08/05/poli...e-war/index.html?cid=web-alerts&nsid=40108818
Barack knew it was coming
So, they did it again huh? You people missed the first four times? Here was the last in 2015. BTW check the price of gold in CAD.
On August 11, 2015, the People's Bank of China (PBOC) surprised markets with three consecutive devaluations of the yuan renminbi or yuan (CNY), knocking over 3% off its value.
https://www.investopedia.com
The Impact of China Devaluing the Yuan - Investopedia
Latest - China's central bank denies it's devaluing country's currency to counter tariffs
Yun Li | @YunLi626
Published 8:29 AM ET Mon, 5 Aug 2019 Updated 22 Hours Ago
CNBC.com
Did they or didn't they?
Trump says he will raise tariffs on Chinese goods in latest escalation of trade war
President Trump��s announcement on Twitter came after a busy day in the U.S.-China trade war, with China announcing new tariffs against the United States and Trump demanding that American companies stop doing business with China.
https://www.washingtonpost.com/busi...al_news__alert-economy--alert-national&wpmk=1
Well, if the record is anything to go by, he expected them to immediately accede to all his demands and praise his wisdom and courage.The Chinese hold trillions in T-Bills and hard USDs.
... What did Trump expect would happen?
If you owe someone a bit of money and you don't pay it back, you have a problem.I have to laugh at the concept of China being under pressure because of economics.
If suddenly. Middle Class consumer Chinese suddenly find themselves back in their villages as poor peasants, again, they may pull the edifice down but I doubt it. China has had a slave culture since the early Bronze Age and it is a normal, natural state of affairs for that culturechina is an authoritarian state
they could care less how much their people might suffer
Well, if the record is anything to go by, he expected them to immediately accede to all his demands and praise his wisdom and courage.
If you owe someone a bit of money and you don't pay it back, you have a problem.
If you owe someone a fortune and you don't pay it back, they have a big, big problem.
The amount of American debt held by foreigners is staggering and the Chinese bought a huge amount of it based, I guess, and the US's stability.
That was then. I'm sure that China has re-assessed the quality of their American holdings over the last four years.
smart folks indeed. They play chess while the US plays checkershad a good chuckle on that one... Wasn't quite expecting that
In this case, China has the ability to manipulate the US currency somewhat in concert with manipulating their currency to have a specific effect.
In terms of not paying back debt, with respect to T-Bills, it has been observed that China has used the T-Bills as collateral for loans used to purchase hard assets.
Smart folk