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

To: LoneClone who wrote (39232)	4/28/2009 11:39:09 AM
From: Valuepro	Read Replies (2) \| Respond to of 39344

But they are not buying to see their investments wiped out, are they? I'm sure they will be judicious about this as they also do not want to harm the producers as doing so would create further supply problems down the line.

To: LoneClone who wrote (39232)	4/28/2009 12:45:49 PM
From: shakes	Read Replies (1) \| Respond to of 39344

Speaking of Chinese buying, here's an interesting subtlety ref. the increase in Chinese gold reserves from today's Mineweb: CPM reckons this transfer is particularly important in that Chinese government leaders were interested in buying gold over the past several years, but that there was a great deal of internal debate as to whether such gold should be added to monetary reserves held by the Central Bank, or as investment stocks to be held by China Investment Corporation or other non-monetary Chinese government entities. As CPM points out, the real news is thus that that discussion has obviously now been resolved, and the gold has been added to the monetary reserves held by the Central Bank. CPM analysts believe that the confirmation of the Chinese move to place the gold in its official reserves indicates the extent to which gold is being rehabilitated as a monetary reserve asset, not only by the Chinese monetary authorities but by Central Bankers around the world and suggests that monetary authorities are looking at gold as a monetary asset with greater interest than at any time since the 1960s.. regards, Shakes