Wednesday, May 19, 2010
Update On The Gold/Silver Buying Operation Being Set Up At Sears/Kmart
My friend DC from New Jersey called Pro Gold, the company setting up the gold/silver buying operation at Sears/Kmart. They are associated with this Chinese company: Combine International. Anyone still wondering how the Chinese are diversifying out of the dollar? I've been saying all along that Chinese are hedging and diversifying away from their problematic exposure to the U.S. dollars in some very subtle and clever ways. How ironic that mindless, American Idol worshipping consumption-happy Americans are dumping the one thing of value they own to the Chinese in exchange for U.S. dollar confetti. Talk about being given rope to hang one's self with...
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