Precious metals

You guys need to read about re localization of the global economy. Right now the way the system works on trade everyone is losing. The USA, China, and Canada as well as most of the developed world have negative trade balances. What's funny though is it's a fake negative because most of the money going overseas ends up back in the accounts of corporations and the rich based in the countries I mentioned.

If the market corrects you aren't just going to see it correct like the 1970's, you will see local economies set themselves up. Like someone said, if the dollar is worthless but you can produce grain that's what you are going to trade. You won't trade by sending it to China, you will trade it to another local area that has whatever you need. Instead of payment coming in dollars that can be siphoned off by the wealthy, you will see socialist systems that benefit the largest group of Americans use straight up bartering to restart the system. Once the dollar is reset, it will peg to things like oil, grain, urea, natural gas, etc etc. Things the world needs that don't gather dust in vaults. It's a very simple concept. If that happens then I predict PM's will actually fall off because there trading value will disappear.

 

Shhhhhh don't try to reason with him, just visit this thread a few times a day and have yourself a hearty chuckle!

 

QFT

 

I'm afraid you are going to have to link to some nonsensical agenda-driven blogs before I take any of what you have to say seriously.

 

Relocalisation is actually a prominent economic theory... unlike hoarding precious metals lol. Just enter it in google and you'll understand. Basically relocalisation brings industries back to local areas once either:

A) There is no competitive advantage for labour in world markets

OR

B) The value of goods outside the local area becomes artificial, which is what will happen in an economic collapse of the level these guys are talking about.

Quite simply, if shit gets to expensive to buy from China, local supplies will be exploited. Trade will resume locally instead of globally, and with energy sources at this time becoming increasingly finite, local sources will likely stabilize the economy over foreign ones. In that scenario, PM's will be worth shit because they have no real value to the economy other than shiny. Instead, you'll see national currency based on the things that nation trades internally. Oil, food, raw materials, etc.

Again, this is why I suggest PM's like Pallidium that have shiny and industrial value. Either way, you win against inflation or economic doomsday with those metals.

 

I'm speculating that China isn't necessarily dumping the dollar, but rather they are being forced to sell/convert their US dollars reserves into renminbi so they can pump more renminbi back into their economy as a way to make up for all the renminbi leaving the country. It's an attempt to stimulate the economy similar to our QE, increase the velocity of money or renminbi (in China).

 

And you wouldn't be speculating, you'd also be correct except they aren't being forced, China listens to no one but China.

 

When I mentioned forced I didn't mean someone has a gun pointed to their head. Like you said China only listens to the Chinese Communist Party leaders etc... I meant, China doesn't have many options and they can't sit back and do nothing. Ironically China still has a few more options than the US and the Federal Reserve

 

Stop making sense. Just stop.


This is neither the time nor the place...

 

Why because in the future they won't trade in dollars, only currencies backed buy something or RMB... So they have to get rid of 3.5 trillion dollars before the reset of the dollar or they will loose their ass......... at this rate 3.5 years..... They have converted a lot into gold so they may be OK already.....

You can make a million reason why they are selling but they are and they are moving away from the dollar....


This is a billboard from the bank of China......

No other nation has a 3.5 trillion dollars in reserve, they are in 6-7 GDP growth and a huge stock pile of gold, if the US was in that good of shape I wouldn't need PMs, but it would still be a good investment.....

 

If you don't like what you hear than why are you here.... To learn........ or to TROLL



We'll see maybe this will be a good week for stocks.........

Better go run and get some more stocks, cause no one thought of that... and they are sooooo under valued........

 

like this one

 

and no comebacks for the facts............
Silver is out pacing the dollar, even when it's beat down.....

 

bloomberg
http://www.bloomberg.com/news/artic...ort-for-reserve-currency-bid-after-imf-report

The TROLLS never read for those that can....

http://www.marketwatch.com/story/yuans-long-march-to-reserve-currency-status-2015-06-01
http://www.quora.com/What-would-happen-if-the-yuan-became-the-worlds-reserve-currency
http://mobius.blog.franklintempleto...chinas-yuan-become-a-global-reserve-currency/

Just use google guys it's not that hard.............. 16 million results just pick one......

China is working on replacing the Dollar, that is a fact in reality, anyone who disagree is either uninformed or an idiot.
Will it happen, that is up for discussion..... Or how will the US respond??? They aren't going down without a fight.....

 

Your main article refers to the Yuan becoming a reserve currency. That doesn't mean it will take over the US dollars #1 position. The CAD, EURO, YEN, AUD, FRANC, GBP are all reserve currencies. I'm sure the Yuan will join them soon.

The other articles jockey between an opinion piece by another precious metal (article #2) and talking about the Yuan moving towards the freedom of being accepted by the Chinese themselves as a reserve currency (article #1 and #3).

I think you need to understand the difference between the world accepting the Yuan as a reserve currency and the Yuan becoming THE world reserve currency. Your articles support the 1st statement, not the 2nd.

 

I'd really like some precious metal advice based on solid economic theory instead of personal opinions. A basis of 44% on precious metals doesn't speak well for price stability. Maybe discuss that without referring to an impeding global economic melt down or theory that's only backed from conspiracy theorists and I'd be more interested.

 

So ..... unless someone reading this thread 100% agrees with everything you say they are a troll ?

I don't think the US is behind the port explosions in China , guess I'm a troll .....

Back in 3 weeks when you predicted the catastrophic market crash .....

........

...

 

Well I saw a billboard that was erected in China that happens to advertise Chinese currency... sooooo I'd say I'm convinced that it is "The World Currency".

 

It reminds me of these ads in the airports:

 

BRILLIANT!