Rantiing Andy Hoffman is back from China with much to tell. The country appears quite prosperous. While it’s still a developing nation, the people are very aware of fiat currency, gold and the dollar. They are wary of accepting too many hundred dollar bills and are very reluctant to accept any credit cards. Their work ethic is impeccable and they are clearly on the ascendant, as opposed to the United States and Europe. More bad news continues to pile on for the miners, but gold and silver appear to be rallying, but still trading below the cost of production.
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