Lawrence Williams: China’s discreet gold-buying, dollar-dumping strategy

Posted: December 24, 2010 in Current Events, Financial Survival, Gold, Precious Metals

MineWeb’s Lawrence Williams discusses China’s discrete accumulation strategy of gold, its well-timed selling of dollar assets and deceptive information on its gold reserves.  These are items we have discussed on this blog several times.  China is very strategic and will continue to dump dollar assets and convert those dollars into hard assets such as gold.  China understands the dollars global status is finished.  It is only a matter of time before this fiat currency becomes worthless to the world.  When that will happen is unknown but it may be quicker than many suspect.

Full Article Here

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Comments
  1. […] expecting a big year in oil.  I would not be shocked to see oil at $150 in 10 to 12 months.  The dollar will continue to fall, we have not built a refinery since the 1970′ s and […]

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