Philly Jim

China Diversifying Out of U.S. Dollars: Bullish for Gold

It can only appreciate to say 1050; if the RMB and Rp appreciate much more against USD, then we can expect gold to continue its upward trend, but unless central banks are buying, nobody else will be with gold that high. The feeling on the ground in China is fear for when the money supply tightens and stimulus spending stops, you will have stuck assets and oversupply, with no buyers and inevitable asset deflation, similar to what happened in the states. The dollar has nowhere to go but up in the short-term with near zero interest rates - long-term, I can see the banana republic's currency being worth as much as the Brazilian real.

Bullish on China After My Recent Visit

Careful on the Tibet issue! How would you like your government telling you you can't worship freely?

In the U.S., politicians need 30 years just to decide on building a road or bridge, then it takes the union laborers another 30 to build it while they work 1 hour a day.

I don't see any friendly faces in cities in the United States, actually most cities in the United States remind me of being of South Africa or the ghettos of Brazil.

Old money definetly runs the show in the West which is evident in how our major corporations are being run into their graves by foreign competition.

Hopefully Barack will breathe new life into the American political scene and attract a new breed of politicians who thrive on ideas and progress, not power and greed.

The Next Credit Crisis Will Originate in China

It's about time someone wrote about Asian Non Performing Loans. These are representative of how many Asians perceive credit - as free money they don't have to pay back.

The property boom that started in America and moved East and the same bust that hit America and is moving East is about to find its end and in Asia is where it will be! The biggest bust.