Sunday, March 21, 2010

The Chinese Are "Quietly" Buying $80 Billion in Gold

Be careful how you evaluate your investment performance. In a fiat currency system, like the one we have today, the value of your investments should be measured against other currencies, commodities and countries, not just a DOW or S&P 500 index. If China is the world's largest holder of U.S. debt and the value of their "trillions" in reserves is dropping, wouldn't you think they would have a strategy to protect themselves from a further decline? It concerns us more to know what China is promoting to its citizens than what the U.S. is promoting to theirs. GCC