
Originally Posted by
pseudolus
I am still waiting for the announcement that China will back the Yuan with gold
Gold is at or under $1,200 an oz as we speak. High was over $1,900 a few months back, remember? About the Time the BOT decided they wanted or needed to diversify their bloated baht with the purchase of $350,000,000 dollars worth of gold at well over $1800/oz.
The bubble has burst on China and the pipe dream of the Yuan becoming a currency leader. Same for the EURO its just waiting for the dime
to drop. Unsupportable due to its surplus of have nothing countries who take, but do not contribute. I can hear the cows turds hitting the floor now!