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

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From: loantech	11/29/2008 10:50:16 PM
	2 Recommendations Read Replies (1) of 78409

China PBOC Mulls Raising Gold Reserve By 4,000 Tons - Report (Nuyen) Nov 29, 20:53 BEIJING (Dow Jones)--China's central bank is considering raising its gold reserve by 4,000 metric tons from 600 tons to diversify risks brought by the country's huge foreign exchange reserves, the Guangzhou Daily reported, citing unnamed industry people in Hong Kong. The Guangzhou-based newspaper didn't elaborate on the plan. China's forex reserves, at US$1.9056 trillion at the end of September, is the world's largest. U.S. dollar-denominated assets, including U.S. treasury bonds and mortgage agency bonds, account for a big proportion of the forex reserves. 4,000 metric tons is almost twice the yearly world gold production of ALL MINES.

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