The European debt crisis indeed has a tendency to become increasingly severe, especially as small European countries like Iceland have accumulated large amounts of foreign debt, making it nearly impossible to repay.
As it progresses, bankruptcy declarations will be inevitable. Once bankruptcy is declared, society will enter a period of unrest. Gold, as a value-preserving financial product, will inevitably become the first choice for people seeking a safe haven.
At that time, international gold prices will absolutely skyrocket.
However, even as prices rise close to $2000 per ounce, Cheng Guohua still finds it hard to believe.
"Whether it's possible or not isn't up to you," Yi Anguo asserted decisively.
"You just need to follow the plan I've set out and act according to my assessments."
"My assessment is that from now until the end of next year, international gold prices will definitely surge."
