Comment Re:Wait until China unloads dollars! (Score 1) 702
USA is in really trouble if China start dumping USD, but I don't think that will happen for a while yet. China is trying to buy as much gold as possible, without putting the price up - which is hard with the USD crumbling.
It is my belief that China won't dump the USD until they have accumulated sufficent supplies of gold, so that when they do dump the USD, they will actually make money on the huge surge in gold prices.
Things will get even more interesting when USD is no longer the currency for oil.
It is my belief that China won't dump the USD until they have accumulated sufficent supplies of gold, so that when they do dump the USD, they will actually make money on the huge surge in gold prices.
Things will get even more interesting when USD is no longer the currency for oil.
