Amount of Chinese moving from the country to the cities p.a.: 6,650,000
Building a city for a million people to inhabit sometime in the future, does not necessarily sound like unrealistic planning or misallocation of capital, unless you take into account the peaking of resources e.g. peak oil & peak coal.
"We have not moved to a price high enough for a long-term holder of gold in this environment to say, 'I'm prepared to sell-out (gold) and go into something else.'"
James Turks interviews are top notch. Would be good if he could revisit them every 6months for a cpl years. (Weird but it's the samme crowd that is interviewed at KingWorldNews but somehow I find Turks's interviews even more interesting and exciting).
These two great minds agree that in any environment whether it be inflation or deflation PM's will do well. I had thought that in most depressions all asset classes dropped and we are in the midst and at the precipice again of a global depression which had been artificially postponed by the printing presses. So, I would expect a drop in Au and AG along with everything else. No?
@yaahme Yes, a drop in Au and Ag would be logical. Yet, economy is a relative game. If we measure the "drop" in fiat, you might actually get a "rise" because the fiat is losing value so much more rapidly. In fact, if all our way of live drops a lot, still everything not made of precious metals will drop so much more. So, what gives me food for thought is Mr Maloney's wealth cycles and how much real estate drops relative to Au and Ag. I think 1930s was just a dress rehearsal. That much.
@blackswanflea Very insightful, thanx for responding with a keen answer. Maloney has great research on it yes. I just hate to think of the cliff that is just ahead us all - I am well stocked from AU, AG, H2O, Food, etc to weapons... not necessarily in that order.
Don't know if the WW3 insane solution card will be pulled...but that is about par for the course per Celente Trends research.
No that's wrong. There has already been enough money printing to have hyperinflation. All of it is hiding in the bond markets of the world. See my video titled, "Why Peter Schiff and FOFOA Are Wrong On How Hyperinflation Will Arise"
Is "China", or the Middle Kingdom, more like the EU than any one country? It's as if the EU were several thousand years old, with numerous unique languages still natively spoken, diverse cultures, already experimented with every form of government, and is about to face yet another challenge in dealing with the barbarians. I guess I'm agreeing with Ben that China is complex. If China is a country, then France is just a sweet talking village, no? Just saying, things make more sense after...
I admire Ben Davies because he's one of the few "experts" who always seems to be thinking as he's talking and not just repeating ideas; a very careful and genuine intellect. Oh, and then there's his uncanny ability to call even the short term pullbacks, like all the times James and I were overly optimistic whilst Ben was there talking like he's 100x times older than he looks.
China's population: 1.33 billion
China's population growth rate: 0.5%
China's urbanization rate: 1.0%
Amount of Chinese moving from the country to the cities p.a.: 6,650,000
Building a city for a million people to inhabit sometime in the future, does not necessarily sound like unrealistic planning or misallocation of capital, unless you take into account the peaking of resources e.g. peak oil & peak coal.
SilverMalthusian 4 months ago
Most important quote in this interview:
"We have not moved to a price high enough for a long-term holder of gold in this environment to say, 'I'm prepared to sell-out (gold) and go into something else.'"
Ben hit a home-run with that statement.
circuitdesign 6 months ago
James Turks interviews are top notch. Would be good if he could revisit them every 6months for a cpl years. (Weird but it's the samme crowd that is interviewed at KingWorldNews but somehow I find Turks's interviews even more interesting and exciting).
PeaknikMicki 6 months ago
in this interview turk is overbearing on davies.
gonobdotcom 6 months ago
great discussion ben is one of the most clued up minds in the business. cheers.
MattyS54 6 months ago
if huge grant was born with a brilliant mind as well..
he could have been ben davies.
abbasg84 6 months ago
Comment removed
abbasg84 6 months ago
These two great minds agree that in any environment whether it be inflation or deflation PM's will do well. I had thought that in most depressions all asset classes dropped and we are in the midst and at the precipice again of a global depression which had been artificially postponed by the printing presses. So, I would expect a drop in Au and AG along with everything else. No?
yaahme 6 months ago 2
@yaahme Yes, a drop in Au and Ag would be logical. Yet, economy is a relative game. If we measure the "drop" in fiat, you might actually get a "rise" because the fiat is losing value so much more rapidly. In fact, if all our way of live drops a lot, still everything not made of precious metals will drop so much more. So, what gives me food for thought is Mr Maloney's wealth cycles and how much real estate drops relative to Au and Ag. I think 1930s was just a dress rehearsal. That much.
blackswanflea 6 months ago
@blackswanflea Very insightful, thanx for responding with a keen answer. Maloney has great research on it yes. I just hate to think of the cliff that is just ahead us all - I am well stocked from AU, AG, H2O, Food, etc to weapons... not necessarily in that order.
Don't know if the WW3 insane solution card will be pulled...but that is about par for the course per Celente Trends research.
yaahme 6 months ago
@yaahme
No that's wrong. There has already been enough money printing to have hyperinflation. All of it is hiding in the bond markets of the world. See my video titled, "Why Peter Schiff and FOFOA Are Wrong On How Hyperinflation Will Arise"
FreeGoldObserver 6 months ago
Is "China", or the Middle Kingdom, more like the EU than any one country? It's as if the EU were several thousand years old, with numerous unique languages still natively spoken, diverse cultures, already experimented with every form of government, and is about to face yet another challenge in dealing with the barbarians. I guess I'm agreeing with Ben that China is complex. If China is a country, then France is just a sweet talking village, no? Just saying, things make more sense after...
jgbloyd 6 months ago
I admire Ben Davies because he's one of the few "experts" who always seems to be thinking as he's talking and not just repeating ideas; a very careful and genuine intellect. Oh, and then there's his uncanny ability to call even the short term pullbacks, like all the times James and I were overly optimistic whilst Ben was there talking like he's 100x times older than he looks.
jgbloyd 6 months ago 5