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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Gord Bolton who wrote (2793)	3/29/2002 6:38:37 PM
From: grampa	Read Replies (3) \| Respond to of 39344

I haven't seen this posted anywhere -- "China Buying Gold As the U.S. and Western central banks have been selling their national gold reserves on the open market - which some experts say has artificially lowered the price of gold - the Chinese have been actively buying gold. Recently, the Chinese government purchased more than $1 billion of the precious metal. Strategic Investment reports that if China used just one percent of its cash reserves to buy gold, it would amount to the total annual production of all gold mining companies in the world. Gold still remains the best store of value in uncertain times. Obviously, the Chinese are hedging their bets."