the golden yuan is coming , page-4

  1. 96,888 Posts.
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    morning,

    gold = wealth ------------ throughout pretty much ALL of human history.


    Chinese thinking = very long term.

    Western thinking = very short term.

    American thinking = minutes on a good day, seconds normally.



    It is obvious, even to the most hardened anti gold person that China is inhaling gold at a vast rate.

    It is also obvious that CB's are scrambling to get back gold they disposed of in previous decades.

    They do this at the same time that political puppets tell us that gold is a relic.

    Why?

    It should be plainly clear that they are bullcrapping - the question is why.


    imo --------- if someone (reasonable size) - anyone has an internal economy and backs their currency with gold they will pull that much wealth their way and be able to purchase more or less whatever they want.

    If that someone is as big as China - whose economy is way past beginning to scare the USA ------- then they will pretty well much have the ability to rule the world economically.

    They will be able to inhale any resource -- other nations will be left in their wake attempting to match the price they can ------- and maybe are willing to pay.

    If the world wants to compete - they will have to do it in one of two ways ----------

    war or back their own currency.

    The only other option is that China isn't aggressive - and lets hope for that.

    The yanks have the guns ---------- clearly -- but,

    bullets and oil to run things costs a hell of a lot of money.

    If the world runs to another currency besides the US -- the US is dead in the water.

    With gold -
    You can say it is a relic.

    You can say it has no intrinsic value.

    What you can't say is that it is irrelevant.


    It is and has been for a while shaping up to be the most important commodity around -------

    it won't run a car engine, it won't fire out of a gun, you can't eat it ---------- but,

    it well may show us in the next very few short years why it has been 'the power' for centuries.

    Let's just hope we can see the show in a peaceful way.

    There will be MASSIVE changes ------- the gfc will look like a kindergarten lunchtime.

    What we need at this time is temperate leadership - from both the east and the west.

    The last thing we need is some of those idiotic righties in US politics or hard nosed Chinese.

    If ever the world needed to cooperate - this is it.


    have a great day all

    Pinto
 
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