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February 2, 2006

The Way of the Chinese Little People, Thurs., Feb. 2, 2006, 7:28 AM

I read the Lessons of the Chinese Masters. It's all about the Way. But Business Week has an issue out that covers the Way of the Little People there. To Chinese today, "to get rich is glorious". In the last half of the 20th Century, Hong Kong Chinese got rich. In the first half of this Century, there are 1.3 billion (and growing) in Mainland China who plan to become like their brothers in Hong Kong.

When I toured that region, my name "Cara" was printed in Chinese characters on my calling card, which brought smiles to my hosts. You see; they pronounce it "ka wa", which they translate as "Glorious China".

So in effect I am, like the Chinese Little People, following the Way.

This morning, spot gold is $570.60 and spot silver is $9.83. There is not enough gold in the world at these prices to satisfy the demand of a growing middle class in China, or India for that matter.

Posted by Posted by Bill Cara on February 2, 2006 07:29:08 AM | Category: Bullion

Discourse

Consuming is good, but let's hope we don't follow the way of the American consumer. Who would buy our debt?! :D

Posted by: FirstConsul [TypeKey Profile Page] at February 2, 2006 8:08 AM [link]

aha, FirstConsul checks in from Shanghai (9:49 pm there) with reference to the "Story of the Year" (other than Metals), which is the Credit Bubble of America.

Please keep your Comments coming from China, and India and other so-called "Emerging Markets".

/Bill

Posted by: Bill Cara [TypeKey Profile Page] at February 2, 2006 8:50 AM [link]