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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Zincman who wrote (45620)	7/12/2013 12:14:43 AM
From: Jacob Snyder	Read Replies (1) \| Respond to of 48092

<China still loves UST's> China and U.S., are like two people who don't much like each other, joined at the hip, each holding a pistol to the other's head. With their huge trade surplus, they have a river of dollars incoming, to do something with. They'd like to buy hard assets (coal, uranium, oil, copper, etc.) but every time they try, there is a political backlash. They have nothing good to do with dollars, so they buy Treasuries. China can destroy our economy, by dumping all their U.S. Treasuries on the market. But then they'd have nobody to sell to, so their economy crashes too. And as soon as the market figured out the Chinese were selling, the rush to the exits would collapse the value of Treasuries long before the Chinese could get out. China can't do what this woman did: Lender’s remorse: ...According to information from the Salem Police Department, Meghan Fleming, 26, was walking out of the Petsmart store at 2925 Lancaster Dr NE about 4 p.m. Thursday when she was approached by a man who asked her if she had any money she could spare. Fleming reportedly gave him a $5 bill and proceeded to her vehicle, where her 2-year-old twins and her nephew, 19-year-old Timothy Fleming, were waiting. Meghan Fleming apparently changed her mind about the donation, drove up to him in her car, pulled back the slide on what appeared to be a semi-automatic pistol and demanded her money back... gazettetimes.com

To: Zincman who wrote (45620)	7/12/2013 10:45:58 AM
From: Mike M2	5 Recommendations Recommended By benwood gravityz Jacob Snyder whistler3000 Zincman Respond to 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.