China's increasing interest in the oil resources of Venezuela has been given a great deal of attention in the United States, with many worried that in the "zero-sum game" of energy politics, oil that was previously sold on the U.S. market will be diverted to China.
When you add relatively easy access to money to a seemingly unlimited supply of skilled labor and a sense of opportunity, you get a dynamite combination ready to do business - just about any business. So let's talk about China.
In an exclusive interview with Resource Investor, Paul van Eeden says interest rate hikes are merely postponing the inevitable decline in the U.S. dollar that will go hand-in-hand with an increase in the price of gold.
Gold enthusiasts waited with anticipation yesterday as the Fed met to decide the fate of its continuous interest rate hikes - although the decision was not in gold's favour, analysts say it doesn't matter.