he does not even understand the environment that gold has maximum purchasing power.
If you take 5 oz gold to zimbabewei, you sure can buy a large acrage and a house.
What was the environment China in and what is now?
Gold has maximum purchasing power in currency collapse environment. in 1911, the qing dynasty was collapsing, there was no standard currency system.
Today, as much as inflation China has, RMB system is still very strong due to strong economy.
If RMB were to collapse and civil war was to start, guess how much housing gold can buy?
Same for US dollar.
