To: Insigne123
Chinese are probably selling gold to generate cash to cover stock market losses. Borrowing money to buy stocks is a really bad idea. They will be selling lots of real estate in the US as well to cover their losses. That will depress housing prices will lots of new inventory being sold at distressed prices to move it quickly.
18 posted on
07/27/2015 9:56:37 PM PDT by
Myrddin
To: Myrddin
Selling US Treasuries. Buying gold. At least they are planning for the future. A bad future, but they have a plan.
19 posted on
07/27/2015 10:47:56 PM PDT by
justa-hairyape
(The use of the name is sarcastic. Although at times it may not appear that way.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson