by JT Long
The Gold Report
Chen Lin: I think this is a first step for China. The country has a huge reserve, $4 trillion, much more than it needs on the balance sheet to stabilize its currency. The rest is wasted, collecting no interest. China made some huge mistakes in the past through poor acquisition decisions because of faulty lending standards.
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The Gold Report
Chen Lin, author of the popular stock newsletter What Is Chen Buying?
What Is Chen Selling?, knows the smart time to look for the next big
gold company is when everyone else has left the sector. With China
making moves to invest trillions in commodity-hungry infrastructure, Lin
is traveling the world looking for the companies with the right
projects in the right places making all the right moves. In this
interview with The Gold Report, he shares some of the insights from his
recent travels and discusses three companies with potential to be the
next Goldcorp.
The Gold Report: You’ve written that the China-led
Asian Infrastructure Investment Bank (AIIB) could lead to a boom in
commodities. We recently saw that South Korea is joining a number of
European countries and signing on, despite U.S. reservations. Do you see
this as a threat to U.S. fiscal dominance?Chen Lin: I think this is a first step for China. The country has a huge reserve, $4 trillion, much more than it needs on the balance sheet to stabilize its currency. The rest is wasted, collecting no interest. China made some huge mistakes in the past through poor acquisition decisions because of faulty lending standards.
Continue Reading at TheAuReport.com…
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