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Hercules,Agree, but don't underestimate world power...

  1. Socrates44
    1,110 Posts.
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    14/10/12
    18:05
    Post #: 10857656
    Hercules,

    Agree, but don't underestimate world power hegemoney.

    The bigger picture of China's gold move is to make the yuan a world trading currency, and undermine the domination of the US dollar.

    It is easy for the US to print more money, much harder to practice alchemy and turn lead into gold!

    When (not if) China has establised the yuan as a world trading currency, they will be in a position to dictate that fiat money (especially US dollars) is no longer accepted.

    So I would be short US dollars and long Chinese yuan.
    Value at posting: $0.00
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    lightbulb Created with Sketch.  Great analysis
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