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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: cmg who wrote (42499)4/12/2013 6:47:52 PM
From: Mike M2  Respond to of 48092
 
Sovereign gold sales. Interesting point one metric ton = 32,150 troy ounces at today's close one metric ton costs $47.3 million dollars. China has 3 trillion dollars of reserves more than enough to buy any sovereign gold sales that may come to market. I do agree that the sales will be done in such a way as to do maximum damage to the gold market.


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