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Some responses: #1, China is going to have to buy a lot more gold. They only have about 1/4 as much gold as we do. And if they buy too fast, they'll push up th
by MR4D 8y ago
Some responses:
#1, China is going to have to buy a lot more gold. They only have about 1/4 as much gold as we do. And if they buy too fast, they'll push up the price, which hurts their currency. Not saying you're wrong, but there are limits here. https://moneyweek.com/499249/how-much-gold-does-china-have-a-lot-more-than-you-think/ https://moneyweek.com/499249/how-much-gold-does-china-have-a...
#2 - many ways to deal with this, but it has to be in balance
#3 - I don't understand your - can you elaborate?
#4 - not at the cost of seeing their economies whither up and disappear. An aging demographic curve in most countries is already going to do damage - giving the rest of the country away won't help. We're already seeing increased protectionism around the world in different forms (e.g. the US with tariffs, the EU with regulations, etc.) One example is here: https://www.nwitimes.com/business/local/arcelormittal-idling-steel-mills-in-europe/article_e635ff12-b2d1-5380-b67c-18db0cdc099d.html https://www.nwitimes.com/business/local/arcelormittal-idling...
5 - Not all bad things are created equal. Check out this and read the text next to the graph titled, "China Population Growth": http://worldpopulationreview.com/countries/china-population/ http://worldpopulationreview.com/countries/china-population/
6 - this doesn't work with an aging population. The demographic curve hurts (see #5 above)