China’s boom and lust for gold

Below please find the new monthly Gold Videocast from Peter Schiff, Chairman of SchiffGold. His latest book, The Real Crash: America’s Coming Bankruptcy, was released in April.

Peter Schiff highlights the differences between the Chinese and American economies. More importantly, he explains why China doesn’t want the rest of the world to know how much gold it owns or intends to buy.

Synopsis: With the launch of the iPhone 6, Americans now wait in line for hours to sell wealthy Chinese the smartphones at 10X the price. How did we become the waiters and they the big spenders? Peter explains China’s ongoing boom and what it means for their favorite commodity – gold.

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