Precious Metals Investing and China Cracks from Ted Sudol
China has often been touted in the news as an ecomomic powerhouse whose growth rate is a beacon in the world. On www.preciousmetalsinvesting.com Ted Sudol and Paul Mladjenovic, author of Precious Metals Investing for Dummies, discuss some of the stories about China’s growth that might put a damper on those expectations. In a worldwide landscape of often dismal country growth rates and currency problems China was often touted as a savior and salvation whose strength would help pull the rest of the world up. But some of the stories coming out of China show some cracks in that shiny story. We read stories about entire cities that have been built in China with no people living in them. We’ve read stories about shopping malls built and completed – except for one thing that is missing – shoppers. In the program I saw they had one lonely guard patrolling this brand new, empty mall that looked like a ghost town. What does this mean for the stock market in this country? What does it mean for the precious metals investing? We know that China is busy buying and stockpiling gold. Do they know something the financial wizards of Wall Street don’t?
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