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Subject: China Urges Citizens to Buy Gold and Silver
YelliChink    9/9/2009 1:05:39 AM
http://seekingalpha.com/article/159962-china-urges-citizens-to-buy-gold-and-silver The big difference here is that it is China's government which is advertising the “opportunities” in gold and silver and it is urging the Chinese people to buy gold and silver. An article from mining web-site, Mineweb quotes a program which appears on China's largest (state-owned) television company, promoting bullion-buying in general, but stressing that silver is currently the best value for investors (no surprise to regular readers): China has introduced its first ever investment opportunity for silver bullion. The bars are available in 500g, 1kg, 2kg and 5kg with a purity of 99.9%. Figures show that gold was fifty times more expensive in 2007 but now that figure has reached over seventy times. Analysts say that silver has been undervalued in recent years. They add that the metal is the right investment for individual investors and could be a good way to cash in. It is only in the last three years that the Chinese government significantly relaxed the rules for precious metals buying for its citizens. Given that the Chinese people (like most of Asia) already had a greater appetite for gold and silver than people in most Western nations, the explicit urging by the government itself for people to load up on bullion clearly implies the expectation of a strong future for precious metals. With a population greater than 20% of the world's total and an abundance of savings, this could easily become a self-fulfilling prophecy – especially given the tiny size of the precious metals market, relative to many other commodities. ================================================================ Commies are betting US dollar to collapse.
 
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Le Zookeeper    Yelli   9/9/2009 2:33:16 AM
The dollar is going to collapse beause everyone wants it to collapse as oil prices and gold etc go higher. There will be a joint conspiracy between Russia, China, Australa, Canada, Saudi, UAE , South Africa to sink the dollar so they can increase commodity prices and so China can sell to other markets besides US. Did u know the fed created $1trillion in last 18 months out of thin air- of course the dollar will collapse. Here follow this link, the lowest point nearterm was 70
 
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YelliChink       9/9/2009 11:28:05 AM

The dollar is going to collapse beause everyone wants it to collapse as oil prices and gold etc go higher. There will be a joint conspiracy between Russia, China, Australa, Canada, Saudi, UAE , South Africa to sink the dollar so they can increase commodity prices and so China can sell to other markets besides US. Did u know the fed created $1trillion in last 18 months out of thin air- of course the dollar will collapse. Here follow this link, the lowest point nearterm was 70

 

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You are telling the person who is currently moving dollar into gold that dollar will collapse.
 
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Nanheyangrouchuan       9/9/2009 12:16:39 PM
Connect this with China's hording of metals to create back a Special Drawing Rights currency backed by a basket of traded metals, many of which China will control large amounts of. 

PRC citizens are not allowed to have accounts or trade in any foreign currency (unless they are worth over a certain amount and have a licensed international business operation) and the RMB is not convertible so there is no dollar-PRC citizen link.
 
There is a PRC debt holdings -US dollar link.
 
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