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<p>[QUOTE=&quot;GoldFinger1969, post: 2648692, member: 73489&quot;]No, it means that people believe in financial over tangible assets.</p><p><br /></p><p><span style="color: #0000ff"><b>When the 2008 Crisis hit, Treasury bonds and the dollar soared and gold sank.</b></span></p><p><br /></p><p><br /></p><p><br /></p><p><i><b>If you want to buy U.S. Treasury bonds, you need $$$$.</b></i></p><p><br /></p><p>The Fed and Treasury don&#039;t accept Yuan, Yen, or Euros.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p><br /></p><p>You won&#039;t find a daily bond market commentary that talks about SDRs. <b>They are meaningless.</b></p><p><br /></p><p>The individual currencies are important, but the Yuan isn&#039;t fully convertible and the Euro is breaking up and their bond markets are too small.</p><p><br /></p><p>If you are a SWF or CB and need to park $30 billion overnight, there are only 2 markets in the world that can handle the flow:&nbsp; <b><span style="color: #00b300">the U.S. Treasury market and the U.S. MBS market.</span></b></p><p><br /></p><p>That&#039;s it.[/QUOTE]</p><p><br /></p>

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