What Is Really Going On With China's Econ An Pm Hoarding?

Isn't there more to that story? Maybe a link to the rest of it?

Yeah, I was more scratching my head over China having econ troubles, I thought they were doing pretty good. And no more to the story Thunder, they send out these little teasers to get you to sign up to whatever I imagine....

Gold has had some big numbers in recent days, which seems to go along with the short letter....

Many of the stories about Chinese banking gold left out the fact that the depositor can't collect their physical gold. It is a scam for the central banks to get possession of the gold, and the depositor just gets a recording in a passbook. Most likely same for silver. It is smart on Chinese side. It arouses US as to why we can't trade gold through bank accounts and mis-states the stability of the chinese citizen economy. It is the government that can then state the "depositor's gold" as their gold also as the depositor will not get physical back. IMO.
read the 3rd bullet.

http://www.bochk.com/web/common/mul...&fldr_id=251

Jim

I think China's well publicized 7% growth rate while the rest of the world is floundering around seems a bit optimistic. Who are they selling all of this production to? They are making dirty deals with the likes of Iran, North Korea, Russia, Cuba, Venezuela, and all of the rest of the world's most treacherous societies. When Nixon went to China he opened the gateway to legitimacy for this cold-hearted band of killers. Now they traipse around the planet as if communism is the eventual victor and we all know that to the victor goes the spoils of war. They even have the nerve to saber rattle every time we call the bluff of these nasty little nations. They have the nerve to drill for oil less than 100 miles from our very shores. It's a crying shame the way our politicians have sold us out to the point where we are in the economic grasp of these criminals. I remember the pride I felt inside when we gave the pledge of allegiance before school every morning. I used to get goosebumps during the last words of our National Anthem. Now I am forced to switch my life's savings into precious metals because our real wealth is all being shipped overseas. To the Chinese.

Junior, well said.

Tough question Rachums107, I have been thinking on this a bit, and I am sure many would trust a flip of their pocket silver piece before taking my advice, lol...

I think the economy crashing world wide is comparable to an over extended Empire who's borders have grown too large. It is not a matter of if, but when it will collapse upon itself....

Generally, people who run the country are an elite small group, who you assume will step in and prevent the metaphorical domino's from getting started so to speak, on the entire "Too big to fail" angle, and I have always figured those in charge too be smarter than the average bear, and I am just not so sure about that anymore. If push came to shove, I figure we would come out on top if the economy crashed or a world war broke out, but any of you feel comfortable if half our current generation say 18 to 35 was suddenly thrown into a D day situation? I would not be feeling as good about our chances, as I would have with the former generation who actually did fight in World war II. On the flip side to that argument, all the soldiers we have abroad, I would put complete trust in them and the experienced they have acquired for some of which have pulled multiple tours....

When it does collapse, that just means there will be one direction to go from there, back up again, and eventually we will pick up the pieces, go back to our daily routines, bus as usual, even if that is under perhaps a new one world government, or something along those lines....

Something else to consider... isn't this 'China taking over the world' nonsense just like the 'Japan taking over the world' nonsense back in the 1980s? So, how did that work out for the Japanese? Their economy never quite recovered from that. Is China so very different? Probably not.