China IS discreetly buying lots of gold

[ProtestantsRUs]

The dollar is pretty much finished, so Beijing is pretty on the money (excuse the pun) to be doing this.

[akinkhoo]

china hordes copper, not gold. go and check their % of reserve in gold, it is far lower than other G20 nations. China doesn't need to secretly buy gold from the market, they can demand it from other central banks due to the debt other countries own. UK for example has transfer tons of gold to china. china also produces huge amount of gold from it's own mines. they know gold is overprice and are far more interested in buying under-priced rare earth and metal that speculators don't buy...

[yoyuepz]

@akinkhoo You said this over a year ago, yet if we look at the price of "gold" one year ago and look at it today. You would have said that todays price is overpriced compared from a year. Now if we look in history and go back to 2000 price the gold was the time to buy. However silver is where the real money is.

[CornerTalker]

love the music - can you tell me who it is?

[Tutilost]

Good vid, thanks. China's successful endeavor to buy all the gold it can was reported in the news recently. Reported was China's concern abt devaluation of dollar & its negative effects on value of $billions$ worth of US Treasury Bonds they bought. Result: China (Russia too) calling for a global currency based on gold. Shrewd of them, bad for the world, especially the free world. Capitalists must take economically drastic steps to recover or we'll all be speaking chinese. Damn that!

[MrFatbee]

the chinese must be stopped ,,, god bless Israel and america

[Yourdeadmeat69]

What if a dictatorship with but 1 freedom, the freedom to set a free marketplace, would all the people's energies and smarts be funneled away from political palaver religion, and just be concentrated in economics and business? How formidable would that be against a democracy eating itself alive in public forum?

Don't know, but I know this--printing paper in the US devalued dollars 90% in 40 years against gold/silver.

Somebody noticed. And that somebody, that's all they do.