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The Round Rock Wealthbuilder's Meetup Message Board › 10,000 Chinese Stand In Line To Buy Gold

10,000 Chinese Stand In Line To Buy Gold

Dan Caldwell - Wea...
user 3188546
Round Rock, TX
Post #: 240
June 11, 2013

You have to see the photos to believe.

Andy Z.
user 29536542
Austin, TX
Post #: 10
It's amazing to think about how so much jewelry products were made before this sale? Since jewelry products are much more expensive than the raw gold that is used in them, this is a brilliant way for PBOC to reduce paper money on the market and to control inflation. Where did that paper money go from the jewelry stores? There must be some kind of deals between PBOC and the store owners. Just a guess.
Andy Z.
user 29536542
Austin, TX
Post #: 11
It is now clear that the paper money went back to PBOC so that it can inject it back to the market without causing too much inflation? http://www.marketwatc...­
It's a very clever move by PBOC:-)
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