Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Zincman who wrote (45620)	7/12/2013 10:45:58 AM
From: Mike M2	5 Recommendations of 48092

China v US who is getting a better deal ? It depends on your time horizon. In the short run the US gets to live beyond our means with a debt fueled consumption bubble while China patiently saves and invests for the future . China benefits from a more rapid rate of industrialization as the world allows to US to run unending trade, budget and current account deficits . The US and other foreign companies who set up shop in China are transferring technology which took many years to develop. China will continue to accumulate all the physical gold that it can acquire while the western world foolishly squanders it. At some point China will have acquired sufficient gold and technological development that it can have a strong voice when the time arrives to address the global imbalances resulting the US $ reserve currency status. Future generations in the US will likely regret the choices made by the self indulgent baby brat generation who squandered the strong position of the US paid for with the blood, sweat and tears of "the greatest generation" who always focused on a better life for their children while the baby brats focus on a better life for themselves. It was inevitable that the US global dominance would wane but it disgusts me to see how the leadership - political and industrial has accelerated the process.

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