Tuesday, February 18, 2014

China Question Answered

In our third Precious Metals video we asked a question to our fellow investors:
If China is so “smart” by buying more Gold than is actually mined each year, how can you explain their equal excitement over US Treasury Bonds?
It was a rhetorical question intended to break through the groupthink and pessimism that exists among some within the silver "stacking" community.  (No doubt I hit a nerve, as only 10% of the YouTubers I shared my video with have replied.)

So surprise, surprise.  Today ZH reports that China has dumped $48b in US Treasury bonds.  China now holds only $1.269T in US Treasuries.

No news yet if china is selling their gold.

Related: check out this nice response to my Precious Metals videos!

Check out his precious metals videos!

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