[pissant]

And the moron Obama has probably sold off our gold to help pay for his marxist wetdream budget

[saganite]

“Speculation has gathered speed over the last year, since the tumbling dollar has threatened to weaken China’s buying power”

China will do it’s buying in the US.

[nmh]

“Speculation has gathered speed over the last year, since the tumbling dollar has threatened to weaken China's buying power - and give it yet more reason to diversify into gold, oil and metals.”

Wrong “speculation”.

China sees the dollar spiraling DOWN.
The U.S. is a big determinant in the worldwide money supply. China's “buying power” isn't weakened. The Chinese do NOT see the U.S. dollar as a good investment. This is very bad news for the U.S. and worldwide currency.

[Attention Surplus Disorder]

I don't see the problem, really. We'll just rename the units of our currency “0bamas” and the “zero” implication is nothing if not apt. There will be 100 0bamites in an 0bama. Then, there will 3 0bama bills known as “Pelosis”.

[rfp1234]

Yao Ming is more qualified than Zero to be POTUS.

[PDMiller]

Keep an eye on their activity in Copper. It’s a better telltale metal and they’ve been on a buying and mining spree.

[muleskinner]

"Did someone say "Gold"?

[FormerACLUmember]

China is ferociously stockpiling gold, but also copper, platinum, silver, and many more exotic industrially useful metals. They are all selling (temporarily) very low.

Smart, smart move by the Chinese government, especially with the US Congress and White House firmly in the hands of breath-takingly incompetent, exceedingly dangerous anti-free enterprise, anti-American lunatics.

Gold should be $1200 an ounce easily in the not too distant future. Invest accordingly, IMHO.

[Cicero]

China is busy stockpiling stuff that may be of future use. Copper in particular, but other metals and resources as well.

I haven’t kept track, but it seems to me that Carter, Clinton, and others have pretty well dispersed what used to be our national stockpiles of strategic materials.

And Obama certainly won’t do anything of that sort. Maybe he’ll lay in some pizzas.

[PGalt]

Very interesting. Thanks for posting.

[meyer]

The Chinese are not alone.

[Steamburg]

Now, there is what someone might consider a clue.

[nkycincinnatikid]

Hasn’t silver been the historic Chinese value unit? Will they be putting some of that aside also?

[Reflex]

I don't blame the china men one bit. The clown in charge in the whitehouse and his printing presses scares the hell out of me too...! I wish i had the money to buy gold and silver. I have a feeling we will all need some soon...

[pprimeau1976]

So what’s next for China? Dumping it’s greenbacks and then runaway inflation?