It’s Official: The Chinese Are Selling U.S. Debt… and Buying Gold
The latest news is in…
The Chinese are selling U.S. government debt… and they’re buying gold. So let me ask you…
In your opinion, what will the signs be that the U.S. dollar’s heyday is ending?
What will the signs be that China is giving up on the U.S. dollar as the world’s reserve currency?
Specifically, we learned this week that the Chinese government shrank its holdings of U.S. government debt by $ 47.8 billion in December 2013, the most in two years. One message from this is that the Chinese government doesn’t want to hold any more dollars than it has to.
In separate news, China imported, consumed, and produced more gold than any other country in 2013.
China overtook India to become the world’s largest importer and consumer of gold, importing over 1,000 metric tons of gold that year (a truly massive amount).
So what does all this mean?
Here’s what it means to me:
|•||The data shows more and more that the Chinese prefer gold to U.S. dollars. Chinese buying like this could help create a new price floor for the price of gold.|
|•||It’s time to diversify some of your savings OUTSIDE the dollar and into China’s currency.|
|•||It’s time to add to your gold holdings now – and hold for the long run.|
I hope you don’t take this advice as extreme. I’m simply describing prudent (and potentially very profitable) actions… based on the latest facts.
The new facts are important. And true.
It is finally time to acknowledge these facts and prudently position yourself. You could potentially make a heck of a lot of money along the way…
So don’t wait. Take action. Get some money out of the U.S. dollar and into gold and China’s currency… today.
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