GREY:TWNNF - Post by User
Comment by
Mogamboon Nov 14, 2006 1:01pm
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Post# 11678249
RE: CHINA GOLD AND USA DOLLAR
RE: CHINA GOLD AND USA DOLLARI believe that would mean USA trading in their gold for paper that is becoming valueless as we speak,
and USA would be bringing back alot more of the dollar liquidity that they sent abroad, taking it back directly into the USA would devalue the dollar that much quicker.
I do not thin the USA would lower their reserves, to accomodate China'S NEED to diversify into gold.
USA right Now needs the value of their Gold as much as or more than CHINA i think.