RMS ramelius resources limited

The longer this continues POG will hit $4000+ by years end. But...

  1. 1,606 Posts.
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    The longer this continues POG will hit $4000+ by years end. But that is all I agree with you on IMHO.

    Why do you think they (USA) can not win?

    Have you watched or read any Chinese economists views or how the people that run the businesses that export to the USA are reacting?

    The Chinese economy was already in trouble, all their QE in propping up real estate etc has failed dramatically since their absolute balls up during and after Covid.

    To put it into a very basic way, if you own a retail shop and no one comes in to buy your goods, how long will your business be able to stay afloat. If you're not selling anything you go broke, so you have to make drastic changes.
    Im currently doing it in my own business after the woeful and declining profits during and after Covid, even though turn over has increased by 50-100% YOY since.
    Chinese business are already selling machines, laying off workers and restructuring to try and save their businesses, we aren't talking about the small mum and dad businesses, we are talking about large corporations.
    The amount of on hold, as well as cancelled orders from the USA over the last week is already crippling China, and its only been a short amount of time since the talk of the extra Tarrifs were going to be introduced, which the Chinese and American businesses were working to negotiate new deals, but when China retaliated to the 54% that's when the S#@t really hit the fan.
    You have to remember the USA is their biggest customer, and not by a small amount, their next biggest customer for exports (Hong Kong) is half that and then Japan at a third of that amount.
    How do you replace $500+B in sales ?

    These are my opinions only, and I am very open to debate on the subject as I read and watch both left and right views on the matter.

    This is not a debate on wether we like Trump or not, its a debate on how the policies will effect both countries and in the end the rest of the world.

    We are certainly lucky to be here and invested in a couple of Gold companies that will be flying by years end, I think we will agree with that.

    GLTAH
    DYOR


 
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