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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (23032)	9/24/2009 1:40:56 PM
From: GST	1 Recommendation Respond to of 71477

ONe fiat currency cannot 'collapse' against another -- at least not a major currency. But against gold I think he is spot on. I have had a fairly long engagement with China -- and in my view gold is exactly where they are inclined to go -- and all indications are that is where they are indeed going. Want to know what they are going to do with trillions of dollars? They do not want tripling of the yuan, but they are positioning themselves for gold to move up several hundred percent from where it is now. And they are in no hurry -- that is their style -- but they do not change their minds every ten minutes either. There is nothing to stop them accumulating gold and taking it to levels you did not think possible. As for timing, I think they would be ok with an appreciation rate of about 25 to 30% per year -- but slower than that right now would serve them better.