Article

2012-02-02 China-Japan-Koreas

Why Are the Chinese Buying Record Quantities of Gold?

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Posted by DarthVader 2012-02-02 10:19|| || Front Page|| [11132 views ] Top

#1 q:Why Are the Chinese Buying Record Quantities of Gold?
a: TheBenBernanke.

Posted by Bright Pebbles 2012-02-02 12:13|| 2012-02-02 12:13|| Front Page Top

#2 The Japanese bought American property at peak prices. Are the Chinese doing the same with gold?

Posted by trailing wife 2012-02-02 12:29|| 2012-02-02 12:29|| Front Page Top

#3 TW: The article says it is capital flight. Property prices are collapsing and the only real hedge against currency and property devaluation is gold. The US did the same thing in 2006 and gold shot up to record levels.

Posted by DarthVader 2012-02-02 13:08|| 2012-02-02 13:08|| Front Page Top

#4 According to Assange's Wikileak, China is buying gold to weaken the US dollar's supremacy as the world's reserve currency.

Posted by tipper 2012-02-02 15:01|| 2012-02-02 15:01|| Front Page Top

#5 Why Are the Chinese Buying Record Quantities of Gold?

They took Goldfinger seriously.

Gold:

1. You can't eat it.
2. You can't grow food in it.
3. It has a couple of industrial uses that can be substituted with other metals.
4. It looks purty inna wedding ring but silly and fake in large quantities. (Return to Step 1.)

Go for it, China!

Posted by Gabby Cussworth, Man of a Thousand Nyms 2012-02-02 16:35|| 2012-02-02 16:35|| Front Page Top

#6 They watch too much Fox News.

Posted by Nimble Spemble 2012-02-02 18:07|| 2012-02-02 18:07|| Front Page Top

#7 Listening too much to G. Gordon Liang's radio show.

Posted by Thing From Snowy Mountain 2012-02-02 18:21|| 2012-02-02 18:21|| Front Page Top

#8 Might want to keep Chinese nuclear experts (& female aerobatic teams) away from Fort Knox.

Posted by Cincinnatus Chili 2012-02-02 19:26|| 2012-02-02 19:26|| Front Page Top

#9 When money is being devalued, it makes sense to buy commodities.

Posted by Anguper Hupomosing9418 2012-02-02 23:07|| 2012-02-02 23:07|| Front Page Top

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