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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.31

+0.6%

Nov 7 4:00 PM EST

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To: carranza2 who wrote (25892)	11/30/2007 3:09:54 PM
From: KyrosL	Read Replies (2) of 217631

Both Russia and China have very large gold reserves in the ground. Also, in both Russia and China most of those reserves are owned by the State. So, why would Russia or China choose to buy gold in the open market to add to their reserves? Wouldn't it be much more efficient and cheaper to just put aside the gold reserves they think they need in the ground and leave them unmined until a time when gold becomes money again -- if ever?

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