Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: 4figureau who wrote (27404)	1/13/2003 2:08:59 PM
From: Maurice Winn	Read Replies (1) of 74559

<>>China had gold reserves of 19.29 million ounces at the end of 2002, up from 16.08 million ounces at the end of November, the central bank said on Monday.<< > 3 million ounces = $1 billion = 80c per Chinese = yawn... 20 million ounces = $7 billion = $7 per Chinese. Not enough to fill their children's bank accounts let alone form a money supply. Mqurice

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