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Silver Wheaton Corp. Message Board

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  • sivr6651 sivr6651 Jul 20, 2010 11:27 AM Flag

    How PMs are manipulated

    The government manipulates PMs to keep the dollar strong. They can print infinite paper dollars, but PMs are limited. You can't just create another trillion dollars worth every time you feel like it.

    The printing press is our governments biggest weapon.

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    • Top Chinese Economists Call For Government To Ditch U.S. Treasuries And Buy Gold
      Vincent Fernando, CFA
      Jul. 19, 2010, 3:48 AM

      A former advisor to the Chinese central bank, and influential economist, has called for his nation to diversify away from U.S. treasury holdings.

      This comes after China cut its U.S. treasury holdings by $32.5 billion in May:

      "Although assets in other currencies and forms are not an ideal replacement for U.S. Treasury bonds, diversification should be a basic principle," Yu wrote in the China Securities Journal.

      "When demand for U.S. Treasury securities is strong, it’s a rare opportunity for us to gradually pull back. That way, it will not have a big impact on prices and China will not suffer too much," he said.

      Zhang Monan, a researcher with the State Information Center, a think tank under the powerful National Development and Reform Commission, told the paper that China should invest more of its $2.5 trillion of foreign exchange reserves, the world’s largest stockpile, in hard assets such as gold.

      More…

 
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