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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG
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To: Beachside Bill who wrote (5847)8/10/2006 7:45:44 PM
From: Wade  Read Replies (1) of 48092
 
When the old China under communism Chinese always thought about their country first as you can see the period of cultural revolution. But, now they realized that they can also enjoy personal lives. This is another cultural revolution in China right now. Me.. me.. me...

This motivation will turn China from communism into a hybrid society, then gradually evolve into a rich country in 10 years if US keep on sending money to them. I won't be surprised to see that US owe them several trillion funny dollars in bonds by then. How will they evolve? It is one simple word, "Evolution". They will change when people ask for more freedom and making more money. It could be painful at some stages, but human beings always found ways to evolve.

The most funny thing is that people think gold should go down without thinking that the value of US dollar has been going downward since formation of the Federal Reserve System. The recent acceleration of injection of dollar into the world markets has been the locomotive to drive down the values of every paper currencies when those countries tried to peg their values to the US dollar. The bottom line is the value of gold hasn't change. It is your dollar going down. LOL
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