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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (20152)	11/24/2009 8:59:18 PM
From: TheSlowLane	Respond to of 29622

This is the point that Jeff Christian from CPM Group has been making for some time now. He said a couple of months ago that he had been speaking with sovereign wealth funds, hedge funds, central banks around the world and all of them were underinvested in gold. They had either not started to buy what they intended to buy or had only bought a fraction of what they intended to buy. He thinks it will take CB's a decade to get their buying done.

To: GST who wrote (20152)	11/24/2009 9:55:49 PM
From: bull_dozer	Read Replies (2) \| Respond to of 29622

Check the % Of Gold vs. Total Foreign Exchange Reserves for some of the countries ( Taiwan 4%, Russia 4%, India 4%, Japan 2%, China 2%). businessinsider.com Now what would happen to price of gold, if only some of these central banks would decide to increase the gold holdings similar to that of Portugal (90%)? <G> It was funny that Chinese officials were trying to negotiate the IMF gold at a lower price and India comes out of nowhere and buys 200 tonnes.