Interview with China's CCTV2
I recorded this interview Sunday evening with CCTV. I believe they asked both guests the same questions and divided the answers between us. This version did not include my view on the Renminbi or gold denominated in it.
The primary argument I made was that if China is going to increase liquidity to solve some of the credit problems, that’s not good news for the Renminbi and the gold price should appreciate relative to it.
Japan has been devaluing the Yen and the nominal price of the stock market has responded positively. There is clear potential China’s could do the same if the Renminbi breaks lower.
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