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SPDR Gold Shares Message Board

  • Donjean2 Donjean2 Mar 2, 2012 1:00 PM Flag

    China is number one buyer of Gold, Why?

    China is buying Gold in order to supplant the US Dollar as the Reserve Currency for the World. And America is supporting that role by messing with the price of Gold and Silver as done this week. This allows China to buy Gold at better prices so that one day, the RMB Chinese money will be backed by Gold and it will be clear that the RMB is the desired "dollar" for the world. If this happens, overnight the US economy will suffer loss. Our dollar will drop in value and everything we have will lower in price. China is now buying Gold mining companies.

    Besides, the average citizen in China is buying precious metals since the country wants to enrich their citizens. Our governement is stupid to drive Gold pirces down to make the China takeover a reality.

    Our plan should be to buy Gold and spend our dollars. Its no longer an issue of saving our government but to save ourselves since our leftist government is blind to what China is doing.

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