By Thom Calandra @ Large www.babybulls.com
SAN FRANCISCO — A China-centric gold developer says China’s consumer price inflation is understated and real estate developers will melt down if the nation’s banks step away from largely vacant offices, subdivisions and warehouses.
The informed warning is good for gold and a wake-up call for soaring housing and commercial real estate prices in China.
Jim Moore of Inter-Citic Minerals (ICI in Canada and ICMTF in USA) gave his forecast before word of declining home prices in many China cities hit the business wire today.
Mr. Moore explained to a group of professional investors how rising gold demand, negative real interest rates and tens of billions of dollars of China cash seeking producers will boost mineral resource juniors that have suffered since the 2008 mortgage debt disaster.
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BabyBullTwits
Inter-Citic CEO On Gold, China and Stocks: Thom @ Large
March 21, 2012By Thom Calandra @ Large www.babybulls.com
SAN FRANCISCO — A China-centric gold developer says China’s consumer price inflation is understated and real estate developers will melt down if the nation’s banks step away from largely vacant offices, subdivisions and warehouses.
The informed warning is good for gold and a wake-up call for soaring housing and commercial real estate prices in China.
Jim Moore of Inter-Citic Minerals (ICI in Canada and ICMTF in USA) gave his forecast before word of declining home prices in many China cities hit the business wire today.
Mr. Moore explained to a group of professional investors how rising gold demand, negative real interest rates and tens of billions of dollars of China cash seeking producers will boost mineral resource juniors that have suffered since the 2008 mortgage debt disaster.
Read More