Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: Cogito Ergo Sum who wrote (3109)	7/22/2003 8:27:56 PM
From: Wyätt Gwyön	Read Replies (2) of 4904

As long as they don't move markets too much they can even stockpile. look, China's gold holdings are like 2% of its reserves. people like to make a big deal of these things but they are drops in the bucket. foreign countries have to find a dollar-denominated home for US$500 billion every year. you can't buy $500 billion of investment gold in a year, YEAR AFTER YEAR. there are basically no "markets" which are not moved by such sums. the only market that is liquid enough, and large enough, for this kind of money ON A YEAR IN, YEAR OUT BASIS are USTs and Agencies. this is where the bulk of the money goes. sloppy seconds to the corporates, equity markets, and FDI.

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