tag:blogger.com,1999:blog-6399730406480392183.post1113077119611430026..comments2024-03-27T11:18:34.222-03:00Comments on Viable Opposition: China and their gigantic pile of goldA Political Junkiehttp://www.blogger.com/profile/03342345936277964422noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6399730406480392183.post-35079945936747335992011-01-04T21:00:04.011-04:002011-01-04T21:00:04.011-04:00The perspective of the Chinese citizens is that th...The perspective of the Chinese citizens is that they MUST save for the future and do. Under the one-child policy they cannot count on children to provide for them. China does not have the generous social pension plans that Westerners enjoy. Therefore they save. The Chinese also have a cultural tradition of owning gold as a store of wealth. With the inevitable devaluation of Western fiat currencies, it is not unforeseeable that some day trade with China may need to be settled in gold shipments, just as the British and Dutch once had to do some five hundred years ago!Anthony Mawhttps://www.blogger.com/profile/14614519727734744873noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-57916636914993189012010-10-31T18:41:08.120-03:002010-10-31T18:41:08.120-03:00Sorry, forgot the decimal point in the value of th...Sorry, forgot the decimal point in the value of the gold - it has been changed to reflect the correction.A Political Junkiehttps://www.blogger.com/profile/03342345936277964422noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-65509672709154800692010-10-31T11:24:08.350-03:002010-10-31T11:24:08.350-03:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.com