The Shangcomp had already collapsed last year that never rubbed off on their economy. The bulk of money is not in their stock market. Fixed assets in properties and Industries are where the money will get destroyed in order for the entire economic collapse. Shangcomp is just a side show.
IF the Chinese economy collapse because of debt, where do you think the next asset to raise capital for margins etc? Yes physical gold so I anticipate a rush of sellers which will not be gold price friendly.
Worst case scenario so I am not hoping for market crash but market recovery and inflation hedge using gold as the excuse for price driver
