Why China Is Right About Gold
The stability of gold known to the Chinese
China is arguably the oldest civilization on the face of the earth. A civilization, in the words of a famous historian, that has been astonishingly stable over time compared with others, such as European ones.
When the modern incarnation of that civilization starts buying hand over fist one of the world’s oldest currencies, you have to take notice.
Readers know that we are fixated on how long things have been around; one can make the case that there’s no better predictor of how long things will stay around than how long they’ve been around.
The former Soviet Union was around less than a century when it fell. The euro currency, much less than the Soviet Union -- which doesn’t say much for its long-term prospects.
But when China meets gold, you’re talking millennia.
Contributors
|
Posted: 8 hours 57 minutes ago
|
|
|
Posted: 05/17/2013 08:09:00
|
|
|
Posted: 05/09/2013 02:52:00
|
|
-
CIO Midmarket Summit
LOCATION: Miami, FL || A forum for innovative technology leaders in the midmarket segment. June 2-4, 2013 For more information...Jun 2, 2013 -
Northwest Middle Market Conference
LOCATION: Seattle, WA || The annual conference is the largest of its kind in the Northwest and has becomeAug 1, 2013 -
Middle Market Americas Conference 2013
The middle market is the growth engine of the future for economies in the Americas. While this segment is alreadySep 13, 2013 -
Midsize Enterprise Summit West 2013
LOCATION: Phoenix, AZ || Today’s Midsize Enterprise CIOs are tackling their toughest challenges ever in face of a tech landscapeSep 22, 2013 -
National Summit for Middle Market Funds
The Summit offers a unique environment to connect with fund managers, limited partners, investment bankers and select service providers overOct 13, 2013
Post your comment