Re: US freaks out on MT. Gox meanwhile China hoards all the coins....
Funny thing is that its supposed to be tightly regulated so this is even stronger than usual
http://bitlegal.net/nation/CN.php
Yeah lol, but at the same time they have major services that accept BTC, but I believe what's banned is banks trading directly with exchange, but there can be always a middle man to solve the situation, or doing it in cash, someone trading in the chinese market can explain to us ^^ of course I'm not talking about people that already have btc/fiat and exchanges and are using that
China seems to be hoarding everything but FIAT I believe it has also purchased a lot of gold lately.. They seem to have an opinion about FIAT currencies and how thing will play out in the future.
I believe it has also purchased a lot of gold lately.. They seem to have an opinion about FIAT currencies and how thing will play out in the future.They have more than enough USD, and US Bonds, and I think they understood, that it's not a good investisment as the FED is just printing cash and at somepoint the deflation will hit hard! and yes they brought thousands of tons of gold, while at the same time they are the biggest gold producer