Why does`t a country like China with trillions in reserves, given how inexpensive the major gold companies are, I mean, they are trading at such discounts to their book value, China can buy every gold miner in the world for just a few billion dollars. They can buy all the gold mines and then they would own all the gold on the ground. They could 100 percent of their production to their own vaults.
Why don`t they buy Barrick Gold (ABX), Goldcorp (GG), Newmont Mining (NEM), just buy them all?
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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- Economic Weakness & The Weather Excuse
- Oil & Gas Portfolios
- U.S. Banks: Not Enough Stress in The Tests
- Bullish On Energy Investing
- Markets: I Think They Have Already Peaked
- Crude Oil Is Going to 150-200 Dollars
- Major Bubbles In Stocks And In Real Estate
- Video: Paycheck Fairness?
- A Tapering Pause Will Rally Gold
- The Federal Reserve Is Basing Its Assumptions On A...
- Debating Gold & Inflation with Mark Dow
- Interest Rates Are Too Low
- Facebook (FB): Zuckerberg`s Private Equity Fund
- Obamacare: It`s A Lousy Deal
- Federal Reserve: They Are Not Going To Raise Rates
- Video: The U.S. Economy Is All Screwed Up
- How The Federal Reserve Will Read Inflation
- Interest Rate Hikes: Moving The Goal Posts
- Not a Lot Of Upside In Stocks
- Gold: Sentiment Still Favors Higher Prices
- A Declining Living Standard In America
- Gold, Federal Reserve, Bubble Economy
- Video: The Gold Rally
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- Gold: The Price Is Low and Rising
- Video: Gold, Tax Season & IRAs
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- Gold Companies: China Should Buy Them
- Gold: The Conventional Wisdom
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- Inflation Is Taking Its Toll On The Mining Industry
- Video: Lighting The Path To Liberty
- The Government Is Lying About Inflation
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- The Real Value Of Gold (video)
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