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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: MICHEL GUIBERT who wrote (65326)5/21/2009 8:43:06 PM
From: Cogito Ergo Sum  Read Replies (2) | Respond to of 78408
 
China has been buying gold for a while... The fact they released this 'news' recently is suspect also, as well as the list of of top holders in GLD.

Yes though their USD holdings are HUGE compared to their gold holdings .. which is the main reason I think the USD crash will be avoided if at all possible.. It hurts too many others.. but buying raw materials, gold, and currency arrangements with other trading partners to bypass the USD are all Chinese insurance policies... They do not need to replace all USD holdings... just 'insure' them...

TBS

EDIT: Oh Canada :o(
en.wikipedia.org



To: MICHEL GUIBERT who wrote (65326)5/21/2009 9:14:42 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 78408
 
one day they will squeeze the whole earth....

Also .. they may buy the whole earth :o) Again no benefit to China to have USD tank... They need to recycle USD.. They can listen to Mr. Obama and Buy American ou plûtot Buy America ;o)

TBS



To: MICHEL GUIBERT who wrote (65326)5/24/2009 11:56:44 PM
From: Cogito Ergo Sum  Respond to of 78408
 
:o) cleveland.com