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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: pogohere who wrote (66097)7/14/2009 5:11:20 PM
From: Earlie  Read Replies (2) of 78409
 
Hi Pogohere:

It is not always easy to know what China is doing. Yes, there are some excellent "China watchers", but the Chinese government, (like many others) often issues stats that seem to suggest one thing but when the details are examined, provide quite a different story. (g)

I think China realizes that it has a huge problem with regard to its massive US bond holding and is doing what it can to reduce the risk. One thing we do know is that China has sent its emissaries world-wide with simple instructions.... buy anything that is concrete and has value.... so long as you can buy it with US dollars. This procedure makes a lot of sense to me as it gives the Chinese government a modest opportunity to reduce its exposure to a coming US dollar/US treasury crunch.

Best,
Earlie
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