Part 2: China is Taking Gold Public
Part 2: Gold Takes a Back Seat as China Embraces Capitalism
Good Evening.
Background:
Parts 2 and 3 will focus almost entirely on modern history as it involves Sino-American relations and the ebb and flow of Gold’s importance during those periods. The content is largely by Bai Xiaojun with small edits, translation curation and context provided by Vincent Lanci (VBL)
As such, it will cover from 1971 to present day, concurrent with the end of Mao through Deng Xiaoping’s period, and then to present day Xi Jinping’s Presidency.
About the Format:
This will read mostly in the present tense although events take place in the past. Google Translate tends to put Chinese in the present tense when it is intended to be past or some plu-perfect tense. We did not change any tenses for consistency sake.
The content, preserved from communications with our counterpart and friend in China, is enormous and subjectively presented. Much of the content was in reply to questions we had asked online and via private messages in our zeal to test opinions on Gold and Silver’s path as a geopolitical proxy for rising monetary multipolarity.1 It maps out quite nicely for understanding the path back to money for Gold
Each section is headed by a subtitle or concept we had either asked Bai about or implicitly wanted to understand from his point of view after giving our own opinion. They are followed by his reply. More about this in the accompanying footnote2. Any color or context will be [In brackets and bolded]. Everything else aside from the pictures are Bai’s
Part 2: Gold Takes a Back Seat as China Embraces Capitalism
Contents:
1972-1978: The Thaw Begins
1976: Official Gold Pricing Abolished
1978-1992: Deng Xiaoping Introduces Reforms,
1992-2000 Deng Xiaoping Continues Reforming
1998-2016: The Bush/Obama Era, Gold as Decoration
The 1998 Asian Financial Crisis, Golden Patriotism
Part 3 Topics