Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
2011 GOLD high $1,500.00, SILVER high $24.00
>
Reply to Thread
Message:
<p>[QUOTE="10gary22, post: 1088687, member: 23626"]The reason I feel that Silver may be driven slightly by the private ownership in China is that it's more affordable than gold and secondly, the wealth of a great number of Chinese has risen substantially over the past few years and their economy is doing better than ours. I expect that economy to rebound faster than ours by far and the standard of living would be greatly improved for many citizens. Add the notion that many poorer people have a great distrust of government and the banking industry initially, when families acquire the ability to purchase PMs in any amount, many will do so. That multiplied by the great number of people not only in </p><p>China, but India and the rest of the east as well, creates a substantial market. Even in '68 when I was in Nam, I became aware of the distrust of currency and banks by the poorest people there. And nearly every one owned PM of some sort. A coin, ring, token, whatever. Asian people have a greater love and need for PM's than we do. IMHO[/QUOTE]</p><p><br /></p>
[QUOTE="10gary22, post: 1088687, member: 23626"]The reason I feel that Silver may be driven slightly by the private ownership in China is that it's more affordable than gold and secondly, the wealth of a great number of Chinese has risen substantially over the past few years and their economy is doing better than ours. I expect that economy to rebound faster than ours by far and the standard of living would be greatly improved for many citizens. Add the notion that many poorer people have a great distrust of government and the banking industry initially, when families acquire the ability to purchase PMs in any amount, many will do so. That multiplied by the great number of people not only in China, but India and the rest of the east as well, creates a substantial market. Even in '68 when I was in Nam, I became aware of the distrust of currency and banks by the poorest people there. And nearly every one owned PM of some sort. A coin, ring, token, whatever. Asian people have a greater love and need for PM's than we do. IMHO[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
2011 GOLD high $1,500.00, SILVER high $24.00
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...