Author Topic: Asia to add 1.66 million millionaires by 2015: Reuters  (Read 1425 times)

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Offline Panda Halves

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Asia to add 1.66 million millionaires by 2015: Reuters
« on: August 31, 2011, 11:20:14 PM »
http://www.reuters.com/article/2011/08/31/us-asia-wealth-idUSTRE77U1GG20110831

"China alone would be home to nearly half of the millionaires in Asia with combined wealth of $8.8 trillion. The world's most populous nation had 502,000 million HNIs with investable assets totaling $2.6 trillion, the report said."

- Reuters

Offline exchange

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Re: Asia to add 1.66 million millionaires by 2015: Reuters
« Reply #1 on: September 01, 2011, 07:55:23 AM »
http://www.reuters.com/article/2011/08/31/us-asia-wealth-idUSTRE77U1GG20110831

"China alone would be home to nearly half of the millionaires in Asia with combined wealth of $8.8 trillion. The world's most populous nation had 502,000 million HNIs with investable assets totaling $2.6 trillion, the report said."

- Reuters


That should not be any surprise to any from this forum.
Unfortunately the process has begun. The US middle class is disappearing fast, new millionaires created in the US are rarely seen.
When it comes to coinage, this is more proof to stay away from US coins.

exchange

Offline badon

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Re: Asia to add 1.66 million millionaires by 2015: Reuters
« Reply #2 on: October 14, 2011, 12:55:36 AM »
The rarest American coins could do well, but less important coins might not have enough buyers to hold up prices. It's very possible the exact same phenomenon could happen is China too. That's why upgrading is so important. When the middle class is gone, you better hope you own coins that the rich people will be interested in buying from you.

One important difference between the American rare coins and the Chinese ones is that the American rare coins will cost you $100,000 and the Chinese ones will cost you $20,000.