4min chapter

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#27: Diego Parrilla On The Perpetual Search For Extreme Optionality

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Importance of Gold in the Future

China devalued their currency by 20% in one day, which I think it will happen. But even when this happens or just this currency front, what the US cannot tolerate is trade wars. And so I see trade wars really as a mirror image of currency wars. By construction, the unstoppable trend of more currency wars will lead to more trade wars,. Even if people like Europe initially is very reluctant, just like it was to an unconventional monetary policy Initially, only to fold later. So I do believe that gold will have a role to play China, Russia, proably agree.

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