Jim Rickards: Prepare for a Chinese maxi-devaluation


10:55p ET Wednesday, July 25, 2018

Dear Friend of GATA and Gold:

Writing at The Daily Reckoning, fund manager and market analyst James G. Rickards says China has no "nuclear option" against the United States by dumping its Treasury bonds, since the Federal Reserve is the buyer of last resort and the U.S. government could freeze the bonds before they were sold.

China's most promising option against the United States, Rickards writes, is a massive devaluation of its currency, the yuan, which probably would prompt a stock-market crash in the U.S.

Rickards' analysis is headlined "Prepare for a Chinese Maxi-Devaluation" and it's posted at The Daily Reckoning here:

... For the remainder of the analysis:


CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


A Network of Bullion Dealers Who Bid for Your Business

With a SmartMetals® account from the Hard Assets Alliance, you're always guaranteed the lowest prices for gold, silver, platinum, and palladium. When you buy bullion through your account, the alliance's network of trusted precious metals dealers launches into action -- and you'll be shown the lowest price for your purchase. Also amazing is the low-cost storage available to you in six non-bank vaults around the world.

Click here to learn more:


Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018

* * *

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:


To contribute to GATA, please visit: