Monday, July 30, 2012

China & Gold

In the USA we are told gold is a foolish investment, at the same time we are barraged by ads from people wanting to buy our gold.  How come they want to buy it? Gold is one of very many commodities, any one of which can emerge as a medium of exchange.  Usually commerce is based on credit, but in disastrous times, people want to be paid in gold and silver.

China is actively promoting gold purchase by its citizens.  Chinese Olympic athletes are especially controlled for state purposes.  This picture of the first Chinese athlete to win in London, Yi Siling, is no accident.




Since the USA economy is on the wrong side of the gold bet, you will not hear from our state you should buy gold.

Update:  Like I said, it is not accidental:



Another update:



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