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Forbes - Why Are the Chinese Buying Record Quantities of Gold?

Discussion in 'Off Topic' started by ATCclears, Jan 30, 2012.

  1. ATCclears

    ATCclears Seattle area, WA Well-Known Member

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  2. Navvet

    Navvet Lynden, WA Active Member

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    It will be the only money worth anything when the zombie wars start :). The Indians are also doing it.
     
  3. rufus

    rufus State of Jefferson Well-Known Member

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    Because they are smarter than us.
     
    Burt Gummer and (deleted member) like this.
  4. jimwsea

    jimwsea Vancouver, Washington state Active Member

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    Countries are moving away from the Federal Reserve debt note (dollar) as the world's reserve currency, especially for buying and selling oil. When the fed note gets devalued, the gold will keep its value.
     
  5. Just Jim

    Just Jim Well-Known Member

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    Gold is stockpiled in countries in preperations for war as nobody will take currencies when war starts. They are useing our money to buy gold so where will those dollars end up?
     
  6. Burt Gummer

    Burt Gummer Portland Completely Out of Ammo

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