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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (14482)	11/13/2008 11:09:28 PM
From: TH	4 Recommendations Respond to of 71426

Ork, Correct. It says that Chinese officials are thinking this, but the quotes are not from Chinese officials. Rather they are from someone speculating, and one of them is to gold as the NAR is to houses. "It's the right time to increase the gold reserves, as the price is about US$710 to US$720 per ounce," said Wan Guoli, vice secretary general of the China Gold Association." "I think China probably will expand its strategic reserves into commodities during this downturn," said a Hong Kong-based strategist." "Beijing's reserves could easily go up to 3,000 to 4,000 tonnes, Tanrich Futures senior vice president Colleen Chow Yin-shan said." So, it is not an indication of the true intent of Chinese officials. Now if Chinese officials were saying this, then they are probably getting ready to dump gold <g> Government officials and Goldman always lie. The problem with Hank is that he both, so he lies twice as much and one exponential level deeper. GT TH