SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: ggersh who wrote (26922)2/6/2010 7:28:29 PM
From: ayn rand  Read Replies (1) | Respond to of 71475
 
not the chinese middle class, although buying for the common chinese worker, if only 1/10 oz. per capita, could represent some serious buying of gold

the article is referring not to the chinese themselves, but rather, the chinese central banks. there lies the potential for driving up further the price of gold. the ultimate catalyst for gold buying, if you will. i do believe they can afford to increase their PM reserves quite significantly.

the chinese central banks as per this article is miniscule, only 1.5% as compared to european banks 54%. the reported holdings of u.s. central banks are dubious at best

i respect the opinion of this article which corresponds to a plethora of recent similar reports indicating same,

fwiw, bwdik,

i am just another clock punching common working slave