View Single Post
Old 10-20-2008, 07:01 AM   #15
Leadman
Avalon Senior Member
 
Join Date: Oct 2008
Location: This side of the veil
Posts: 39
Default Re: Why Gold Is Dropping When It Shouldn't (by Alex Wallenwein)

Quote:
Originally Posted by Knightbk View Post
You guys are missing two important points:

" Almost every other country in the world that has money right now, has it in Dollars (China, Saudis, Russia, etc, etc). All these countries have been selling Resources to America in return for Paper Dollars, which currently have worth."


China for one, over the last 18mths or so has been buying all the non-ferous metals it can get it's hands on. Originally put down to an expansion boom in construction.

NOT SO! no sir, China has been spending it's dollars, big time!
Lead, Copper, Zinc, Aluminium. They Know the $ is gonna crash, they want something which will have a value and if worst comes to worst, they can either control the market or use the metals.

Only my view, but wait and see.
Leadman is offline   Reply With Quote