Dr. Paul Craig Roberts
The most jaw-dropping thing about China’s financial chaos will shock you!
If you look at Bloomberg’s 25 year chart of China’s Shanghai stock market, not only does it dramatically outperform the S&P 500, it crushes it by rising a staggering 35-fold in the last 25 years. Yes, despite China’s latest stock market crash, the Shanghai stock market has still risen a jaw-dropping 3,500 percent in just 25 years (see chart below).
What is more amazing is that even with a stock market that appears to be on steroids, China’s demand for gold remains at all-time highs.
If you think the Chinese like to gamble on stocks, just wait until you see them gambling on gold when it breaks the previous all-time high and surges above $2,000!
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