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<p>[QUOTE=&quot;desertgem, post: 1100366, member: 15199&quot;]On CNBC, a poll from the YPO, Young Presidents Organization, consisting of 17,000 company presidents from around the world under the age of 50, revealed that the ones who most doubted China overtaking the US economically in the next 10 years or more, were Asians. It seems they have a much more realistic view of China than in US or Europe. They seem to better realize the severe problems in China ( one being food inflation, which most believe triggered their recent rate hike). We tend to like an underdog role and adopt it more easily.&nbsp; The IMF had the chance in Dec., 2010, to discuss the Yuan, or even add it to the basket of reserve currency, but they not only did not do this, they increased the US percentage for 2011 to 66% from 49%. If that is not a statement of relative financial trust, what is ? I think we are ( like every country&#039;s citizens) feeling our situation is worse than everyone&#039;s else in the world.</p><p><br /></p><p>If the situations between China and US were reversed, We would be refusing to sell wheat and other soft commodities to the world until the price was such that import/export exchange would swing from China to US, but then politics would not allow us to do that. They have no such constraint.</p><p><br /></p><p>I think anyone who concentrates their financial future on precious metals alone, run a risky scenario, which is mainly based on worse case possibilities, like H1N1, HIV, Global Warming, consuming the earth. The first 2 didn&#039;t , and there is still questions on the 3rd. But I do respect the possibilities of Black Swan events and people&#039;s desire to have excitement, even bad excitement, in their lives. No disrespect intended.</p><p>Jim[/QUOTE]</p><p><br /></p>

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