Godlike Productions - Conspiracy Forum
Users Online Now: 2,144 (Who's On?)Visitors Today: 1,057,420
Pageviews Today: 1,382,192Threads Today: 297Posts Today: 5,198
12:33 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Leading Chinese Economists Urge Government To Dump U.S. Treasuries, Buy Gold

 
Anonymous Coward
User ID: 904889
Singapore
07/19/2010 07:14 PM
Report Abusive Post
Report Copyright Violation
Leading Chinese Economists Urge Government To Dump U.S. Treasuries, Buy Gold
Leading Chinese Economists Urge Government To Dump U.S. Treasuries, Buy Gold

[link to www.prisonplanet.com]

Prominent economists in China are calling for their government to ditch vast holdings of U.S. Treasuries in favour of tangible assets such as gold, a move that would have a far reaching impact on the economy.

Reuters reports that Yu Yongding, a former academic adviser to the Chinese central bank has appealed to state representatives to move away from U.S. debt and invest in assets denominated in other currencies, as well as other financial instruments and real goods.

“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.

Another influential financial expert, Zhang Monan, of the powerful think tank The State Information Center, also commented to the journal that China should replace increasing amounts of its foreign exchange reserves with hard assets such as gold.

The move could send gold prices back toward record highs following a recent slide.

--

PSSSSST!!! Go buy as much GOLD NOW AS YOU CAN AFFORD -- IT WILL TAKE OFF LIKE A ROCKET HERE SOON...
Anonymous Coward
User ID: 961432
United States
07/21/2010 09:04 PM
Report Abusive Post
Report Copyright Violation
Re: Leading Chinese Economists Urge Government To Dump U.S. Treasuries, Buy Gold
bump
Stu

User ID: 838921
United States
07/21/2010 09:08 PM

Report Abusive Post
Report Copyright Violation
Re: Leading Chinese Economists Urge Government To Dump U.S. Treasuries, Buy Gold
and not a single shot fired.



The Communists were right when they said they would hang us with our own rope, that rope being the "almighty" dollar.


This is why TPTB will never, ever, ever let gold and silver rise......until they CANT no more.
_____________________________________
There is no use removing doubts one by one. If we clear one doubt another doubt will arise and there will be no end of doubts. But, if by seeking the doubter, the doubter is found to be really non-existent, then all doubts will cease. -- Ramana Maharshi


You have to keep breaking
your heart until it opens.

~ Rumi

News