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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.96-1.8%Nov 14 4:00 PM EST
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To: TobagoJack who wrote (42729)11/14/2008 3:13:39 AM
From: Amark$p  Read Replies (1) of 217829
 
your comment:
"i would not think that they would do an open mkt operation
as opposed to simply take the imf gold"

What China will do is much simpler... They will buy most all the gold from Chinese domestic producers instead of this gold going on the open market.

FWIW, this is similar to what Russia is doing to increase its gold reserves over the past few years.
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