Originally Posted by
Skol
The Chinese govt. doesn't share the same view as the goldbugs, they're pouring money into US Treasuries. Chinese bond purchases in the USA in July were the most on a monthly basis since 1977.
All is well, shares, property, airlines, couldn't be better for me, one of the best investment periods of my life, meanwhile goldbugs still hoping that gold will go up, unfortunately hope isn't a viable investment strategy.
Despite the predictions for years by the goldbugs of imminent financial catastrophe, it's not happening.
And it won't either. lol
But goldbugs wouldn't be goldbugs unless they were whining about something.
Many cities in the USA are booming, and an article in the WSJ reports that for every innovation job created 5 other service jobs are created. An example is SFO where house prices have exceed their previous highs and hi-tech companies are having to jack up the salaries to keep their staff. I went for a beer there the other night and asked the barmaid a question. She told me "I don't know, I've only been here 15 minutes".