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To: RKBA Democrat

There aren’t enough precious metals out there. The gold market is mostly paper iou’s.

Dont let Chinese arrogance be confused with power.


34 posted on 10/13/2013 8:44:08 AM PDT by sunrise_sunset
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To: sunrise_sunset

“There aren’t enough precious metals out there. The gold market is mostly paper iou’s.”

You’re correct in noting that the gold market in the west is mostly IOU’s. It isn’t in the east. They take delivery. I’ll ping you to an article in a moment.

“Don’t let Chinese arrogance be confused with power.”

I really and truly wish it was all bluster and arrogance. Unfortunately, it isn’t. The Chinese see the writing on the wall from an economic perspective, and they’re looking to emerge the winners when things go crunch. Time will tell whether they do or not.


37 posted on 10/13/2013 10:37:42 AM PDT by RKBA Democrat (Power disintegrates when people withdraw their obedience and support)
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