TSX:LSG.DB - Post by User
Post by
biotechguy1on Sep 11, 2013 2:39pm
456 Views
Post# 21733184
Exactly
Exactlycollateral is the issue....! A lot of gold...being purchased in China and Around India.
Simple really....convert yor U.S. debt to gold ( as the chinese are doing ) and voila.
China produces tons of gold and consumes 120 tons a months.....their just getting started. When the U.S. economy starts to hum along...extra money will go to buy Chinese made goods and cars and houses....motorhomes....when the Chinese economy accelerates they consume investments...gold real estate. The different economies....the U.S. thinks they can buy down debt with debt...interesting concept....will never work. Gold will recover and go to 2500 end of next year. JMHO