Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Snowshoe who wrote (72761)	3/10/2010 11:09:01 AM
From: Maurice Winn	1 Recommendation Read Replies (1) of 74559

TJ thinks it better to have gold at any price than US$ worth zero. That's true. The question is whether US$ will go to zero. <"It is, in fact, impossible for gold to become a major investment channel for China's foreign exchange reserves. I have 1,000 tonnes now, and even if I doubled that holding, according to current prices, that would be about $30 billion," Yi said. > There is already a gold rush culture in action. People are scouring every nook and cranny for the stuff. Continuing dilution for decades seems more likely. Mqurice

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