Our friend Valentin Schmid over at the Epoch Times sat down with Jim Rickards to chat about China’s roll in the gold market. Jim also refutes the notion that China is moving toward becoming the world reserve currency, but does say that “The international monetary system based on paper currencies is fragile and likely to collapse, and when the system needs to be reformed, the people with the largest voice at the table will be the people with the most gold.”
Click here to read the full interview.
We will also be bringing on Valentin later today to get his input on the Chinese gold situation.