Jordan Eliseo is the Chief Economist for ABC Bullion out of Australia. For those not in the know, they’re a large vertically integrated precious metal and gold bullion specialist. Jordan and I discussed what’s going on in the International Economy, particularly China and Australia. It seems that the wave of financialization has hit the shores of the Land Down Under too. Just as in the US, the Aussies have been struck by the phenomena of too big to fail. And their reaction has been similar. Now their economy has been tanking with the decline in commodities, whereas for much of the financial crisis they appeared to be riding high. Jordan believes, as do many, that gold will again rightfully assert its role in the international monetary system. It’s virtually unavoidable.
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