If every Chinese citizen were to purchase 1 OZ fo gold that alone would consume the annual production of the metal for the next 200 years! (The government of China has recently made accumulation of the yellow metal by its subservient masses a national goal!)

How is it that a communist government can be so financially astute when Western so called democracies have little in their "bag of tricks" but hell bent feel good (re-election!) consumption, consumptiopn of goods primarily manufactured in China, many manufacturers financed by corporate interests headquartered in the West!? Wal-Mart at the head of the class! (Leading not only to financecide, unemployment, and unprecedented #'s of forclosures at home, but contributing to the accumulation of wealth by the Chinese "peasants" enabling their purchase of gold as recommended by their leaders!)

What do they know that we don't?

How many Canadians or Americans, for that matter, own an OZ of gold? My guess would be less than 1/10 of 1%! (A sad senario when in fact gold stands on its own historically as the only "real" money! Also the "go-to" when all else fails, as has happened many times in the past as numerous fiat currancies have collapsed.)

Thinking to get at all the gold the goose could give, he killed it and opened it only to find -- nothing! Aesop

In the final analysis looks like West will get the goose, the Chinese the gold!

Although, no doubt, a few in the neighbourhood will share the bonanza! (Some already have and we are just in the very early innings!)

RUF