Where are all the gold gurus?

[Hopperbin]

Errol i just had the opportunity to date a lady from Hongkong. She was here for over 10 years and told me about some of the property appreciations goings on in China and the amount of money out there we have no idea. Right now there are immigrants such as this lady selling their what we call condos she just sold hers 3 months ago, one single condo, and buying prime Vancouver property not a condo but a house in the high priced vancouver and pocketting half a million Canadian dollars in the deal for spending money. Our country is being run on immigrants money. Anyways nice lady may have a second date yet.

[Hopperbin]

With property appreciation in the likes of 50 times in the past 20 years I am not sure why they are purchasing so much gold. Seems like there are better investments than gold if your chinese. Then things can change very fast.

[Hopperbin]

As a mold maker I remember so many people talking about how they were the designers of things and got chinese companies to make the products as if the chinese were stupid cows, today their jobs are not availlable to Canadians as they are now retired the jobs are now in Mainland china but we have men retired talking about how they were smart and worked for their company to teach the chinese how to do it as if they would not be able to do it better.

[ado089]

just because you keep pouring gas on wet wood doesn't mean that it's burning. Pretty soon you'll find your self out of gas and no way to cook dinner.

[rhoff]

Are using gas as analogy to QE?Your analogy
breaks down because they won't run out of paper
to print. They won't ever get the wet logs to burn
because they by unitended consequences will just
end up blowing the whole campground sky high!

[errolanderson]

Hopper . . . 60 Minutes had an intersting 11 minute segment on Sunday nite called 'China's Real Estate Bust'

maybe someone can post it on this thread (not smart enough to figure out). or google 60 minutes overtime and surf until segment is found

Everyone in western Canada should see this interview.

[Hopperbin]

I understand this bubble as we are in a global economy. Right now we have money and people leaving china to save their money. I realized years ago when my ex had 4 houses for their family of 3, mom dad and daughter, like a house the wife where she was from, a house where they worked, a house for their place they want to retire, a house for

[Hopperbin]

This can explain a bit
http://www.creditwritedowns.com/2013/03/chinas-real-estate-bubble.html

[errolanderson]

thanks Hopper . . .

please everyone watch this video. This has
a direct impact on the Western Cdn economy

[Hopperbin]

What we don't understand is that we were the vision of the world 20 years ago. Today we can be bought out for half of what we think we are worth. Not sure about gold, sorry, but it may be anyone that owns property is going to be to the good in the future.