The Chinese government acknowledged gold as a strategic asset in 2000, when it included the establishment of an open gold market in its five year economic plan.
Marc Faber : Revenues are hardly growing with sales. Just look at McDonald’s or Wal-Mart. The market is going up because central banks are printing money. The money that is being printed does not go into the economic system evenly. It went into NASDAQ between 1997 and 2000, then it went into the housing market until 2007, in 2008 it went into commodities and now it goes into the broad U.S. stock market. One does not know when it will end, but it will end very badly.
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A Populist Government will Impose a Confiscatory Wealth Tax
Marc Faber : I detect a Growing Movement toward Populist Governments in the Western World
THE DEBT BUBBLE: Q&A WITH MARC FABER
I Dont Value my Gold
In the Far East, we have a tradition of owning Physical Gold
“If ever there was a set of circumstances that came together that would give an asynchronous event the ability to take the financial system off the rails again, it would be this month…the dysfunction of the US congress with regards to the spending authorizations and the upcoming problem with regards to the debt ceiling, and the fact that those occur…[during] a psychologically important month raises the specter in everybody’s mind…of a black swan event that takes down all markets and drives everybody to respect liquidity.”
Michael goes after US Environmental Groups, who in the last decade have spent 300 Million Dollars in Canada sabotaging our industries. Now they are focused on a transportation industry, threatening hundreds of thousands jobs and our economic future. 
