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ranbotrader
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Asian gold strategy clarifying

- Alasdair Macleod - Finance and Eco.

Perhaps you are right. The financial system which appears to be owned by the banking system is wrought with corruption, the fraudulent manipulation of markets and the refusal of all governments to properly regulate and prosecute. And it never much changes over time. Only the faces and the 'next' fraud on society....whilst remuneration continues to climb for those in charge.
I don't know if the Chinese are going to do any better though as my feeling is that the banking system we have will be adopted by the Chinese. The jury is still out on that one.

Commented 3574 days ago

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Beginning of the headline :The Russians came up with an extraordinary statement recently, central to why Russia and China are buying gold, the importance of which was missed by the media. President Putin said that "Russia and China need to secure their gold and foreign reserves." He may have been overstepping the mark in making comments about China's monetary policy, but he was unlikely to have done so without good reason. Furthermore it is impossible to secure foreign currency reserves, because they are at all times unde... Read More

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