"if china is pumping gold that means they are dumping it as newbies buy"
Gold Bears are always looking for a reason to see a top in the gold market,,well,,It hasn't happened in the last 6,000 years.
17 years of gold production:
"But what if every Chinese were to buy one ounce of pure silver and one ounce of pure gold per person? Well, they would gobble up two years worth of annual silver mine production and a staggering 17 years worth of gold production, and that’s without taking into account the fact that gold production has fallen around 9% since its peak in 2001. Let’s not forget that the Chinese aren’t the only ones buying gold."
well, of course it is.
With the FHA still making NINJA loans backed by the taxpayer there will continue to be tons of foreclosures ...with the Fed printing and Bailing like crazy...and taxing the taxpayer silly.
And please do not forget the Fed busting rates to unreal almost 0%, thus royally screwing anyone who has ever saved.
This is the most evil, underhanded, immoral, unjust, thievery foisted on anyone who has not been a fat hog spender and greedy irresponsible parasite.