Post
Topic
Board Economics
Re: Why is China Hoarding Gold?
by
Possum577
on 26/07/2014, 23:54:17 UTC
Most of them end up being dead wrong?  Cheesy Where have you been the last 10 years mate? China is hoarding goal and maxing out their credit because they know the Whole credit/debt based economy is about to collapse. Then it's a good idea to have something of real value, and not just stuff that's valued falsly within the economy.. yet another proof of how educated People aren't the brightest.

It's easy to judge people when sitting from the sidelines.

Think about it this way. You have a family of 300M, you need to provide for them but don't have enough cash (because you're at war or work's not going so well or whatever) so you decided to borrow some money...little, by little.

I'm not saying it's right but it's completely arrogant to reduce the context to "educated People aren't the brightest."