First Steel, Soon Gold and Silver
Posted:
Mon Sep 17, 2012 7:32 pmby BamaJoe
I bet this was "allocated" Steel, tomorrow "allocated" Gold and Silver.
http://www.zerohedge.com/news/how-china ... ld-economy
Re: First Steel, Soon Gold and Silver
Posted:
Mon Sep 17, 2012 7:56 pmby blackrabbit
Some of the comments suggest that they used the steel multiple times over to generate credit and buy real gold with it knowing when the jig was up they would have a nice pile of real wealth. I wonder if there is any truth to that? Every year is interesting, but this one coming up is going to be riveting! Good will and good luck to all!
Re: First Steel, Soon Gold and Silver
Posted:
Mon Sep 17, 2012 9:44 pmby Hades12
Does this mean that steel will go up in value or down? Same with copper?
I understand what they have done, but not what it will mean in the long run.
Re: First Steel, Soon Gold and Silver
Posted:
Tue Sep 18, 2012 7:51 pmby Sheikh_yer_Bu'Tay
Always remember the RealCent mantra: If you don't hold it, you don't own it!
BTW thanks BamaJoe for posting this. Maybe I am wrong, but this sounds like a good thing to a small time hoarder like me. This should drive up the price for all metals, right?