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<p>[QUOTE=&quot;Brett_in_Sacto, post: 2213615, member: 71510&quot;]Ainslie,</p><p><br /></p><p>China may be buying gold - but I think everyone should look at the bigger picture of who HAS the gold (and therefore is making the rules).</p><p><br /></p><p>And your numbers for China&#039;s gold - well at 1464 Tonnes.&nbsp; Total gold held in 2014 was ~1054 tonnes.&nbsp; That says they&#039;ve bought ~400 tonnes YTD - not 1464.</p><p><br /></p><p>Now, I could be wrong but I&#039;m seeing very different numbers than what you are preaching.</p><p><br /></p><p>Second - they are nowhere near the largest.&nbsp; Not even in the top 5 (and when you&#039;re behind France, you&#039;re behind!!!)</p><p><br /></p><p><img src="https://smaulgld.com/wp-content/uploads/2014/03/Gold-Reserve-by-Country-top-20.png" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>And when you say &quot;China is on a like for like basis - on par with the USA&quot; are you referring to the GDP or GDP per capita?&nbsp; Because you&#039;re very wrong on that too.&nbsp; Off by a factor of almost 8 on the GDP per capita.&nbsp; In order to make them a &quot;like for like&quot; you must involve a &quot;factor of 5&quot; since we have 318million people and they have 1.35billion.</p><p><br /></p><p>And if you take the two factors of GDP per capita and the population - you will see a ~40% deficit in the &quot;like for like&quot; theory.&nbsp; They are growing - and quite fast - but the numbers do not lie.</p><p><br /></p><p>53,041.98 USD (2013)</p><p>USA, GDP per capita</p><p>Total GDP (318mil people):&nbsp; 17,185,356,000,000&nbsp; (17.185 trillion)</p><p><br /></p><p>6,807.43 USD (2013)</p><p>China, GDP per capita</p><p>Total GDP (1.35billion people):&nbsp; 9,189,450,000,000 (9.189 trillion)</p><p><br /></p><p>So...&nbsp; Let me finish by saying that I&#039;m a reasonably educated investor.&nbsp; Most of my wealth is accumulation - not an astronomical wage earner.&nbsp; I do well, but I&#039;m smart with what I get.&nbsp; Your comments seem to be targeting fear, and while there is a healthy amount of it in the economy right now - your reasons for why - and particuluarly your numbers - just aren&#039;t cutting my mustard.</p><p><br /></p><p>What I&#039;m reading from you is..well...&nbsp; I&#039;ll be nice and just say it&#039;s not what I see happening in the real world - or at least not the perceptions you are pushing.&nbsp; What I see is a hardened point of view, and a bunch of rationalizations taken out of context to support the view.</p><p><br /></p><p>A better way to operate is to read all of the information and then FORM your views from what you have learned.</p><p><br /></p><p>I hope all that read this also don&#039;t take my word for it - and do their own research.&nbsp; I could be wrong too, and I won&#039;t tell you otherwise.</p><p><br /></p><p>Snake Oil anyone?[/QUOTE]</p><p><br /></p>

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