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<p>[QUOTE="Juan Blanco, post: 1566701, member: 41665"]Is that true? Is there's a thread on that? And are we conflating very different things here? That premise looks flawed. Doubt there's much of a US coin market in China today, nor tomorrow. </p><p><br /></p><p>In recent years, the <b>Chinese were buying 'chuk kam' or bullion, <u>NOT</u> K-Gold (alloy) nor foreign coin-gold </b>in alloy. I've heard/read nothing about them buying<i> US-minted 90/10 coin</i>, which is the particular product/market at risk here. And why should Chinese collectors EVER buy US coins (Au or Ag) as such, if America keeps sabre-rattling on currency, strategic companies, Taiwan, etc.? Really - please think that one through. Future enmity won't increase US coins 'collectibility' in China, to be sure.</p><p><br /></p><p>From a nationalist Chinese perspective, it makes more sense they want their own stuff. (<i>Global Times-The Beijing News</i> 8/1/2012?):</p><p>"Coin seller Zhang Guoming said that <b>Chinese collectors are less interested in foreign coins</b>, which attribute to a large part of his shop. He finds that standards for the gold material used to make coins differ. <b>Domestic gold coins are made of 99.9 percent pure gold.</b>" </p><p><br /></p><p>Forbes' Gordon Chang has some good insights on Chinese Gold accumulation. If the rationale behind this article stilll proves true, Iran/China 'commodity swaps' (example) is one way the Dollar's Reserve status is diminished. Bullish for Gold bullion? Of course.</p><p><a href="http://www.forbes.com/sites/gordonchang/2012/04/22/the-best-reason-in-the-world-to-buy-gold/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.forbes.com/sites/gordonchang/2012/04/22/the-best-reason-in-the-world-to-buy-gold/" rel="nofollow">http://www.forbes.com/sites/gordonchang/2012/04/22/the-best-reason-in-the-world-to-buy-gold/</a>[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1566701, member: 41665"]Is that true? Is there's a thread on that? And are we conflating very different things here? That premise looks flawed. Doubt there's much of a US coin market in China today, nor tomorrow. In recent years, the [B]Chinese were buying 'chuk kam' or bullion, [U]NOT[/U] K-Gold (alloy) nor foreign coin-gold [/B]in alloy. I've heard/read nothing about them buying[I] US-minted 90/10 coin[/I], which is the particular product/market at risk here. And why should Chinese collectors EVER buy US coins (Au or Ag) as such, if America keeps sabre-rattling on currency, strategic companies, Taiwan, etc.? Really - please think that one through. Future enmity won't increase US coins 'collectibility' in China, to be sure. From a nationalist Chinese perspective, it makes more sense they want their own stuff. ([I]Global Times-The Beijing News[/I] 8/1/2012?): "Coin seller Zhang Guoming said that [B]Chinese collectors are less interested in foreign coins[/B], which attribute to a large part of his shop. He finds that standards for the gold material used to make coins differ. [B]Domestic gold coins are made of 99.9 percent pure gold.[/B]" Forbes' Gordon Chang has some good insights on Chinese Gold accumulation. If the rationale behind this article stilll proves true, Iran/China 'commodity swaps' (example) is one way the Dollar's Reserve status is diminished. Bullish for Gold bullion? Of course. [URL]http://www.forbes.com/sites/gordonchang/2012/04/22/the-best-reason-in-the-world-to-buy-gold/[/URL][/QUOTE]
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