morganist
Registered: Sep 2008
Posts: 657 |
11-03-09 10:29 PM
Quote from peilthetraveler:
http://economictimes.indiatimes.com...how/5191921.cms
What does it say, when countries like india and china are buying all the gold they can get their hands on?
Remember the golden rule...(no, not treat others as you want to be treated...the other golden rule)
"He who has the gold, makes the rules"
If the world's medium of exchange becomes gold one day, with the amount of people and the finite amount of gold that exists, means that the value of what gold will be able to buy will be much greater than it is today.
i don't think india or china are buying gold specifically to use in the future as a currency although they might be.
what i think they are doing is replacing the investments they have with gold due to it being more stable.
it may become the currency of the future but i think that the main concern is to sell dollars and get gold.
this is more concerning because it means they are worried about the dollar and they are looking elsewhere.
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