I know the Chinese have bought one one gold miner, Tanami Gold. Their operations were high cost & the board shut the operations down and are now on care & maintenance. Waiting for the right time to open back up I suppose??
What if the system doesn't collapse? What if the mess they got us into is managed in a way we didn't think it would or could be and the system maintains for a very, very long time....a couple more centuries? Some are waiting for their silver to become their own personal Jesus Christ...to save them in a collapse....what if that collapse never happens and your personal Jesus Christ simply continues to be what it has been all along...a physical commodity with fluctuating value?
Yeah, just yesterday I've read that inflation in US (supposedly) actually lowered... There are many theories. It's similar as with religion. But it can blind you...
The only thing that is 100% certain is that the US debt cannot continue growing by a trillion dollars a year into infinity. When it stops and how it stops is anybody's guess. Could be drastic - could be gradual. They US govt might even get their finances in order (stranger things have happened). The Pound Sterling has been gradually falling in importance for over 100 years.
Missed this originally. Feel free to PM me if I don't respond to a post/question. Have responded here http://www.perthmintbullion.com/blo...iously_Acquiring_Gold_Via_The_Perth_Mint.aspx
Thanks, Bron... just goes to show how much disinformation and propaganda is being purported by the gold and silver soothsayers... it never seems to end and only reinforces that one must never accept facts at face value.
Bron, nice reply. One question - The chart you posted about growing Chinese imports, did you not address this and state that it was in large part due to round-trips from Hong Kong to the mainland?