Watch Jim Willie Interview
As usual, he goes off on some odd tangents – but his main message is that China can and soon will choose to revalue gold from its artificially suppressed low. If and when this happens, everyone will choose to buy low (in London and NY) and sell high (in Asia) until the vaults in the West are empty. If there are orders for billions of dollars worth of physical gold (and silver) to be delivered – for real – not just on paper – this will expose the lack of physical gold in the London and NY metals markets, leading to COMEX default and dollar collapse and hyperinflation. Fraud will be exposes and derivatives will be crushed. Jim says China will probably set the gold price at $2800/oz and openly challenge the West to sell it all in China at the price they will complain is crazy and too high. China will challenge them to take advantage of their offer to buy it at $2800/oz and prove they just don’t have any. That would be an interesting day, probably followed with a lot of suicides on Wall Street, I would guess.
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