Gold and Silver Investors Should Be Following China's Moves Into U.S. Financials

Now U.S. residents can transfer their savings from cheap U.S. dollars to the strengthening Yuan. A deal has been made; China will allow the U.S. dollar to devalue to fund record breaking deficits if China is allowed entry into the heart of American Capitalism, its retail banking industry. China’s financial institutions are in a much stronger position to acquire failing toxic banks after 2008’s financial crisis. This will promote the strengthening Yuan as an investment to U.S. residents by offering the ability to convert and encourage savings.

China is attempting to purchase more silver and gold to support the Yuan against other debt ridden and weak currencies. In fact, this year they have purchased up to five times what they have been buying in previous years. They have also started funds to invest in ETFs and have just opened a branch in Toronto, the epicenter of resource companies.