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Chinese govt. buying gold mining stocks

CaptHenwayCaptHenway Posts: 32,128 ✭✭✭✭✭
in Precious Metals
linky
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.

Comments

  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭
    How very capitalistic of them.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    I understand they're also buying huge farms in south america and africa. We're not talking hobby farms, either. Ten-thousand acre spreads.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • percybpercyb Posts: 3,324 ✭✭✭✭


    << <i>How very capitalistic of them.image >>



    Those commies are savvy capitalists, indeed!!
    "Poets are the unacknowledged legislators of the world." PBShelley
  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭


    << <i>

    << <i>How very capitalistic of them.image >>



    Those commies are savvy capitalists, indeed!! >>



    While this country is swinging in the other direction.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • NitroCruiserNitroCruiser Posts: 654


    << <i>

    << <i>

    << <i>How very capitalistic of them.image >>



    Those commies are savvy capitalists, indeed!! >>



    While this country is swinging in the other direction.image >>



    No free health care in China (or other social entitlement programs). The wife, who is a PRC citizen, had to pay cash for cancer treatment there (her work then paid her a portion of the cost). The US, in many ways, is far more socialist than China. So much for the promise of share and share alike with Communism.
  • ksammutksammut Posts: 1,074 ✭✭✭


    << <i>linky >>



    China's government understands how bad off the Dollar and other currencies are. They now see that there is no way we can pay off our present debt, the new debt that will have to be added or added because of new programs our government adds, and the future liabilities (social security, medicare, etc.) that is facing our country. They are purchasing PMs, (also encouraging their own people to purchase PMs), other hard assets, and strategic metals because they may have a better picture of what may happen (better than the average American).

    I believe China knows that if the Dollar crashes or we default, it will be bad times for everyone around the world including China. They may be focusing on the end game - who can pick up the pieces better after a world economic crash. As I have noted in past posts, if we are not careful and continue our spending ways instead of slashing programs to reduce debt, China will end up on top without ever having to fire a shot.

    Whatever your politics, we as Americans need to wake up.
    American Numismatic Association Governor 2023 to 2025 - My posts reflect my own thoughts and are not those of the ANA.My Numismatics with Kenny Twitter Page

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  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Nice to have cash. Nothing better than having good health, a good Family and a big fat wad of denero, enough to NOT work and live well for the rest of your life. Trust me, there's nothing like it and it's something that should be taught.

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    "I believe China knows that if the Dollar crashes or we default, it will be bad times for everyone around the world including China. They may be focusing on the end game - who can pick up the pieces better after a world economic crash."


    Yep, probably better to position yourself for a post crash scenario then to stick with the current model and hope that you aren't a victim.

    "To subjugate an enemies army with out doing battle is the highest of excellence."
    The Art of War, Sun Tzu
    Chapter 3, Planning Attacks
  • BobkBobk Posts: 593
    mrearlygold, I have tried to teach it but it falls on deaf ears.

    So if the worlds paper money is toilet paper, whats the answer. Thats rhetorical.

    Land, home (paid for), a good stach of PM's, and a way to protect it.
    Pecunia in arbotis non crescit.
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