Chinese smarter then Americans?

Shelby-villian · 01-27-2012, 04:35 PM

Very interesting the massive upturn of gold buying in mainland China.

Eric Sprott 1/25/12:

“So it’s obviously going to increase the demand for gold and we have seen some data that China has been a rather large buyer of gold. People will consider it a currency and it has to necessitate more buying. You know, Eric, I think one of the really interesting things that happened was the imports of gold into China, from Hong Kong, which always were less than 20 tons a month, all of the sudden, beginning about 5 months ago, went 20 (tons), 30, 40, 80 and in November 102 tons. 102 tons is a staggering number. The world mines, excluding China, less than 200 tons a month. China cannot continue to buy 102 tons and not have the price escalate dramatically.”

http://kingworldnews.com/kingworldne...old_Price.html

**PMBug** · 01-27-2012, 04:41 PM

They have a healthier respect for tradition.

Shelby-villian · 01-27-2012, 04:54 PM

But what made them go from 20 tons to 102 tons in 4 months?

swissaustrian · 01-27-2012, 07:43 PM

They invented paper money, so they know it's a scam...

**PMBug** · 01-28-2012, 08:14 AM

Originally Posted by Shelby-villian

:

But what made them go from 20 tons to 102 tons in 4 months?

Too much fast food? /jk

Not sure exactly. Perhaps news about MF Global or their own internal economic troubles had something to do with it.

ancona · 01-28-2012, 08:16 AM

The Chinese are smarter in some respects, I would agree to that as an axiom. When they plan, they think ahead for the next hundred years. In the U.S.A., we only plan for the next election cycle. The tragedy of our republic is that it has been subsumed within the election process, meaning that after a couple of years in the Senate, they start to campaign again. Same same for the house, after a year or two, it starts all over again. That our presidential campaigns cost a billion dollars now is a fucking perversion of our system. That corporations, who cannot die, cannot feel pain, never get hungry and never get sick are considered people is also a perversion. Unless citizens united is repealed, our president will be chosen by the highest bidder, using voting machines made by foreign companies and private companies with shady backgrounds, using "proprietary software" that they successfully withheld from the governments buying them. They can be hacked with about ten bucks worth of parts and do not leave a paper trail.

Are the Chinese smarter? I think so.

**KMS** · 01-28-2012, 01:01 PM

@ our election system, I don't think election money should be legal unless it comes from a person capable of casting a vote.

On topic, yes they are.

rblong2us · 01-28-2012, 02:16 PM

Originally Posted by ancona

:

That our presidential campaigns cost a billion dollars now is a fucking perversion of our system.

rounding error in the great ponzi scheme of things, like banker bonuses.
The amounts being created and given to the banks to keep em solvent, is vast by comparison

kjansen1969 · 03-31-2012, 03:07 AM

I think the chines are pretty smart people

01-27-2012, 04:35 PM	#1
Shelby-villian Fly on the wall Join Date: Nov 2011 Posts: 95 Liked: 55 times	Chinese smarter then Americans? Very interesting the massive upturn of gold buying in mainland China. Eric Sprott 1/25/12: “So it’s obviously going to increase the demand for gold and we have seen some data that China has been a rather large buyer of gold. People will consider it a currency and it has to necessitate more buying. You know, Eric, I think one of the really interesting things that happened was the imports of gold into China, from Hong Kong, which always were less than 20 tons a month, all of the sudden, beginning about 5 months ago, went 20 (tons), 30, 40, 80 and in November 102 tons. 102 tons is a staggering number. The world mines, excluding China, less than 200 tons a month. China cannot continue to buy 102 tons and not have the price escalate dramatically.” http://kingworldnews.com/kingworldne...old_Price.html Share Share this post on Digg Del.icio.us Technorati Twitter

01-27-2012, 04:41 PM	#2
PMBug Golden Cockroach Join Date: Oct 2011 Location: In Scrooge McDuck's vault Posts: 1,926 Liked: 467 times	They have a healthier respect for tradition. Share Share this post on Digg Del.icio.us Technorati Twitter __________________ The journey of a thousand miles begins with a single step. - Lao Tzu Do you have something to say about what I posted? Register and let your voice be heard.

01-27-2012, 04:54 PM	#3
Shelby-villian Fly on the wall Join Date: Nov 2011 Posts: 95 Liked: 55 times	But what made them go from 20 tons to 102 tons in 4 months? Share Share this post on Digg Del.icio.us Technorati Twitter

01-27-2012, 07:43 PM	#4
swissaustrian Ground Beetle Join Date: Oct 2011 Posts: 801 Liked: 310 times	They invented paper money, so they know it's a scam... Share Share this post on Digg Del.icio.us Technorati Twitter

01-28-2012, 08:16 AM	#6
ancona PM Bug Supporter Join Date: Nov 2011 Location: Waaay south Posts: 1,084 Liked: 343 times	The Chinese are smarter in some respects, I would agree to that as an axiom. When they plan, they think ahead for the next hundred years. In the U.S.A., we only plan for the next election cycle. The tragedy of our republic is that it has been subsumed within the election process, meaning that after a couple of years in the Senate, they start to campaign again. Same same for the house, after a year or two, it starts all over again. That our presidential campaigns cost a billion dollars now is a fucking perversion of our system. That corporations, who cannot die, cannot feel pain, never get hungry and never get sick are considered people is also a perversion. Unless citizens united is repealed, our president will be chosen by the highest bidder, using voting machines made by foreign companies and private companies with shady backgrounds, using "proprietary software" that they successfully withheld from the governments buying them. They can be hacked with about ten bucks worth of parts and do not leave a paper trail. Are the Chinese smarter? I think so. Share Share this post on Digg Del.icio.us Technorati Twitter __________________ All things being equal, the simplest answer is quite often the correct answer - Occam

01-28-2012, 01:01 PM	#7
KMS Moderator Join Date: Oct 2011 Location: Cheesehead Land Posts: 307 Liked: 91 times	@ our election system, I don't think election money should be legal unless it comes from a person capable of casting a vote. On topic, yes they are. Share Share this post on Digg Del.icio.us Technorati Twitter DoChenRollingBearing and ancona like this. __________________ “The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.” – Ernest Hemingway

03-31-2012, 03:07 AM	#9
kjansen1969 Fly on the wall Join Date: Feb 2012 Location: Houston, Texas Posts: 36 Liked: 3 times	I think the chines are pretty smart people Share Share this post on Digg Del.icio.us Technorati Twitter

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