China Prepares for Dollar Collapse, Hoards Gold

Fergus Hodgson, March 11, 2019

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China’s bottomless appetite for gold and other hard assets is at the back of every financial analyst’s mind.

For David Brady, CEO and co-founder of Global Pro Traders, there is no doubt that China and Russia believe a US dollar plunge is on the horizon. He is a CFA charterholder with degrees in business and finance from Dublin City University.

He argues that the Chinese are hoarding more gold than they let on in preparation for a coming global financial reset. When central banks revert back to another round of interest-rate cuts and quantitative easing, he contends, then everything but the dollar will take off.

Brady believes the Chinese central bank holds over 6,000 tons of gold. (Twitter)

Recommended Links

• Follow David on Twitter and visit Global Pro Traders.
• Read “Fed Adopts ‘Patient’ Rate Stance With Balance-Sheet Flexibility” on Bloomberg News.
• Read “China Scoops Up More Gold for Reserves as Global Risks Mount” on Bloomberg News.
• Get a copy of The Coming Collapse of China by Gordon Chang.

If You Liked This Episode

• “Game Theory for Gold,” Gold Newsletter Podcast.
• “Brace Yourself for Macro Turbulence,” Gold Newsletter Podcast.
• “Gold: For Insurance, Not Profit,” Gold Newsletter Podcast.
• “Why the Future Looks Bright for Gold,” Gold Newsletter Podcast.

Fergus Hodgson is Gold Newsletter’s roving editor. Follow him on Twitter and Facebook.