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Reply #1 468259058's post
Depends on the system of China.|
Generally speaking, MIDDLE CLASS, State/Revenue Merchant and MASSES has gold or cash in a descending order.
Social Security development changes this mismatch by adding tools for the masses.
example - 401(k) in USA, epf in Malaya adds a "savings" function to the masses. Old age pension, unemployment benefits, disability benefits - ensure survival of the masses - namely "workers", "rural workers" by adding investment asset, and assuring routine income even with crisis, accidents and old age.
Revenue Merchants, government linked corporation, state uses "higher mathematics" to keep cash flow, debt, interest payment, inflation, deflation, forecast, expenditure data - create correct balances!
Middle Class are just family business, they don't use FANCY system.
Keep enough cash, to maintain asset, productive assets - to match market needs of their customers.
ha ha ha
[ Last edited by greendragon at 2011-5-16 01:49 PM ]