This should tell you where the world is going: down the toilet!!!
The Chinese got rid of ca. 48 bil USD of treasury bonds at the end of last year and now they will convert the money into gold and prepare for the apocalypse.
In the meantime, the rest of us will sit and stare helplessly at the sovereign debt collapse and the end of the dollar (perhaps also of the euro-unless the PIIGS countries turn things around fast).
Yep, ladies and gents, we'll be back to minting that good ole' metal money in no time! Then we will reverse the effects of the industrial revolution and we'll be lucky if we stop before we reverse the effects of the invention of agriculture and return to being a hunter-gatherer species!
To sum it up: buy precious metals and--horses, also a bit of land and a rifle!
That was the Veljko's world investment tip of the day!