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View Full Version : What do the Chinese know about gold that we don't?


midnight rambler
7th February 2011, 09:35 PM
http://www.321gold.com/editorials/russell/russell020711.html
Libertarian_Guard
7th February 2011, 09:46 PM
http://www.321gold.com/editorials/russell/russell020711.html


They know the USD is an unfunded liability.
Ponce
7th February 2011, 10:54 PM
That is more valuable than the petro dollar? :oo-->
mick silver
8th February 2011, 06:25 AM
they know what true money really is . that just my guess on this . they know all the super rich all have vault full of it
gunDriller
8th February 2011, 07:03 AM
http://www.321gold.com/editorials/russell/russell020711.html


They know the USD is an unfunded liability.


and they have a boatload of USD's and they're smart enough to realize that, speaking of boats, the USD is like the Titanic.

they'll be buying gold at $1400 ... $1500 ... whatever it takes to get rid of those USD's.

i read that China is the world's largest silver producer - but that they don't export any silver. all for internal consumption.

it's the year of the Rabbit ! i want a silver Rabbit - as long as the premium is reasonable.
Orion
8th February 2011, 07:28 AM
我們知道黃金不比美元珍貴
chad
8th February 2011, 07:51 AM
我們知道黃金不比美元珍貴


what's up, kaiser?
Uncle Salty
8th February 2011, 10:22 AM
They know there is no counter party risk.
iOWNme
8th February 2011, 11:59 AM
Apparently, they dont know much. They continue to print paper money not backed by ANYTHING.

http://en.wikipedia.org/wiki/People%27s_Bank_of_China

I cant believe people fall for this crap......
solid
8th February 2011, 04:53 PM
Apparently, they dont know much. They continue to print paper money not backed by ANYTHING.

http://en.wikipedia.org/wiki/People%27s_Bank_of_China

I cant believe people fall for this crap......


I think China knows it's a game of musical chairs. Everyone's printing money and the music gets faster, until it stops. China just doesn't want to be the one without a chair. They will play the game like everyone else. ;D
ShortJohnSilver
8th February 2011, 07:49 PM
I was surprised I didn't see the story posted here ... for the first time in China, they have instituted a property tax in certain areas... now real estate is less attractive and people are starting to realize that gold and silver can be held quietly, in a way that makes it very difficult to tax.
Twisted Titan
8th February 2011, 07:50 PM
The Chinese have a History that is Steeped in Gold and Silver for thousands of years


They are reclaiming that History with a vengenance