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Re: diamondguru-one post# 107957

Sunday, 05/01/2016 12:04:04 PM

Sunday, May 01, 2016 12:04:04 PM

Post# of 221880
so I was off a few months.....changing the world to an ASSET backed system takes some time...."APRIL 19th 2016" China flicked the switch !!!! Its going to be a great world we live in now !!!!! thanks CHINA !!!

Number of people who think that the Yuan is currently backed by gold: you.

Number of people who think that the Yuan is not backed by gold: everyone else! Including the Chinese government, and all of the central bankers in China. Oh, and everyone in the foreign currency exchange markets.

If you make investment decisions based on "theories" that have no basis in fact, then... Well, you end up putting your money in "mining companies" that exist only on paper, all the while hoping that the Chinese government or the ENSSFM will bail you out.