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Originally Posted by RummyBoy
Not to mention that $, ? and £ all have serious debt problems and are currencies which are likely to depreciate over the long term.
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Yep
Quote:
Originally Posted by RummyBoy
That said, the downside with all paper currencies is that all countries are forced to engage in competitive devaluations in order to prop up their export economies (even China can't stray too far away from the USD). That's why (after a decent correction) I still view Gold as an excellent long term opportunity.
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Although I agree with your point, China is going to be focussing on developing domestic consumption so long term it's a good bet IMO. Over 300 middle class, these are the consumers of the future (and that's just China)
The East will continue to rise in wealth and the West will continue to fall in wealth
Quote:
Originally Posted by RummyBoy
Still, If you're seriously looking at Yuan then I have to mark you down as intelligent because its the best of all the paper options out there. Make a trip.
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Well no one likes being stolen from and Western governments/bankers have sold their citizens down the river and compounded their futures to a life of poverty compared to what we used to have.