GOLD 0.51% $1,391.7 gold futures

pog, page-24

  1. 33,126 Posts.
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    There's a massive transfer of wealth from China to the USA.

    US property's on a tear and one of the main reasons is that mainland chinese are buying enough commercial and residential property to influence the prices on both coasts. Chinese are buying record amounts of residential in SFO, a big Chinatown there.

    Chinese can only send $50,000 offshore, so ask yourself how they're doing it.

    Notice the part that says "in case things go wrong in China".

    http://online.wsj.com/news/articles/SB10001424052702303615304579154910299710506

    My personal belief is that the next rally in precious metals is years, if not decades away, PM's have little relevance in the new tech age.
 
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