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Do you think the price of gold will ever reach down to 1100-1300 USD?
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<p>[QUOTE="GoldFinger1969, post: 7055770, member: 73489"]I have worked as an economist so I can tell you that even though China has worked an economic miracle -- taking hundreds of millions out of poverty and elevating them to lower middle-class status -- <b>the Chinese Communist Party (CCP) lies all the time. They still haven't 'fessed up about C-19 and its origins.</b></p><p><br /></p><p>Witness the cities comprised of empty apartments.</p><p><br /></p><p>Also, lower rungs of the CCP have an incentive to lie about employment and production in smaller cities and rural areas. Party promotions and $$$ (yuan) are dependent on meeting production goals.</p><p><br /></p><p>Some stats can't be manipulated -- electricity usage, for example -- and the amount of electricity and oil/gas usage does NOT back up the last few years of economic data. It's consistent with much lower levels of GDP growth.</p><p><br /></p><p>I don't know if their 8% growth is closer to 6% or 4%, but it's almost certainly overstated.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 7055770, member: 73489"]I have worked as an economist so I can tell you that even though China has worked an economic miracle -- taking hundreds of millions out of poverty and elevating them to lower middle-class status -- [B]the Chinese Communist Party (CCP) lies all the time. They still haven't 'fessed up about C-19 and its origins.[/B] Witness the cities comprised of empty apartments. Also, lower rungs of the CCP have an incentive to lie about employment and production in smaller cities and rural areas. Party promotions and $$$ (yuan) are dependent on meeting production goals. Some stats can't be manipulated -- electricity usage, for example -- and the amount of electricity and oil/gas usage does NOT back up the last few years of economic data. It's consistent with much lower levels of GDP growth. I don't know if their 8% growth is closer to 6% or 4%, but it's almost certainly overstated.[/QUOTE]
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