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<p>[QUOTE=&quot;passantgardant, post: 1148912, member: 30033&quot;]I generally trade intermediate tops and bottoms with options, not bullion.&nbsp; More leverage and lower transaction costs.&nbsp; Although if I want more bullion, which isn&#039;t often anymore (I bought enough under $10), it would be at the bottoms and then hold it.</p><p>&nbsp;</p><p><br /></p><p><br /></p><p>I think the Chinese are smart enough to realize that an economy based on precious metals in the hands of the people is the path to future prosperity for everyone, including (especially) the government.&nbsp; They&#039;ve had enough inflation and currency pegging issues to have witnessed the inherent failures of fiat.&nbsp; Historically, fiat currencies often end up in the same garbage bin as their ruler&#039;s heads.&nbsp; All they have to do is look at America and do the opposite.&nbsp; We&#039;re falling fast from the throne of most admired economy in the world by debasing our currency.&nbsp; I&#039;ve read enough from the Chinese finance ministers to know they realize this and want to do the opposite.&nbsp; They&#039;ve used cheap labor to transfer our vast industrial and technological knowledge to their factories, now they just have to finesse a way to get as much real stuff for their Dollar holdings as possible before they yank the rug out.[/QUOTE]</p><p><br /></p>

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