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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Slagle who wrote (13307)1/6/2007 9:00:34 PM
From: TobagoJack  Respond to of 217548
 
The observable facts are:

China have been de-regulating the gold market, progressively, setting up exchanges, and successively allowing various classes of traders to participate -- so it must mean the officialdom see some sense to it

China does retail monetary gold (bars, bricks, wafers, coins) at the street level shops -- there must be end-hoarder demand (especially in view that up until recently (Jan 2006) the shops did not buy back gold

China does save a lot -- 40% of active income

Chinese banks are fragile, though folks do have some faith in the system, counting on officialdom to make good on any losses via money printing

Chinese do know the value of hard money and the fate of paper money

Recommendation: accumulate gold, for it just got cheaper, and get ahead of the majority of future hoarders -- it is the natural trade of the century