Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: MICHEL GUIBERT who wrote (65326)	5/21/2009 8:43:06 PM
From: Cogito Ergo Sum	Read Replies (2) of 78411

China has been buying gold for a while... The fact they released this 'news' recently is suspect also, as well as the list of of top holders in GLD. Yes though their USD holdings are HUGE compared to their gold holdings .. which is the main reason I think the USD crash will be avoided if at all possible.. It hurts too many others.. but buying raw materials, gold, and currency arrangements with other trading partners to bypass the USD are all Chinese insurance policies... They do not need to replace all USD holdings... just 'insure' them... TBS EDIT: Oh Canada :o( en.wikipedia.org

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