Monday, November 07, 2011

China Opens The Gold Window

Well Gold ATMs actually.

China is one of the world's largest producers and purchasers of precious metals, especially gold and silver. Beijing has now unveiled its first gold ATM machine in a shopping district. More than 2,000 will be installed in the next two years.
I wonder if this is meant to sop up the money that no longer has confidence in Chinese real estate?

Cross Posted at Classical Values

1 comment:

Justthisguy said...

It just gets creepier and creepier, doesn't it?

As I wrote at Cap'n Lex's place, " Now do you see why I drink so much? I want to be numb when they come for me! Numb, I tell you!"

P.s. We should see what Herman Wouk thinks about all this. Last time I looked, he was still alive.

He is my most favorite Orthodox USN Jew who ever lived. (Hymie Rickover went Anglican, as did I.)

I believe he's 90-something years old and still going strong. Just goes to show what clean living and righteous thoughts will do for you!