Here's a snippet of a Telegraph article today.
It is hard to obtain good data in China, but something is wrong when the country's Homelink property website can report that new home prices in Beijing fell 35pc in November from the month before. If this is remotely true, the calibrated soft-landing intended by Chinese authorities has gone badly wrong and risks spinning out of control.
What I gather from this article is a monster of colossal proportion is about to wake up.
I could be wildly wrong but if Chinese people can't invest their wealth outside China, which I assume is because the Yuan can't be used outside China, then wealthy Chinese people will invest in property and thereby cause the bubble. If the property market collapses, losing millions of people their wealth as has happened in the West with the property bubble over here, then it looks likely Chinese people with any money left will buy precious metals because that is allowed and encouraged in China.
I expect 2012 will be the year precious metals go stratospheric with huge swings up and down in price along the way. Inflation and deflation are on a collision course. Anything can happen.
http://buycopper.co.uk/
What I gather from this article is a monster of colossal proportion is about to wake up.
I could be wildly wrong but if Chinese people can't invest their wealth outside China, which I assume is because the Yuan can't be used outside China, then wealthy Chinese people will invest in property and thereby cause the bubble. If the property market collapses, losing millions of people their wealth as has happened in the West with the property bubble over here, then it looks likely Chinese people with any money left will buy precious metals because that is allowed and encouraged in China.
I expect 2012 will be the year precious metals go stratospheric with huge swings up and down in price along the way. Inflation and deflation are on a collision course. Anything can happen.
http://buycopper.co.uk/
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