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China announces they are buying 80B in gold! That's 2 Fort knox's!
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<p>[QUOTE="Morgan1878, post: 620004, member: 17869"]The Chinese aren't talking...it's just other speculators talking about what they think the Chinese will <i><u>do.</u></i></p><p><br /></p><p>For the gold bugs on this forum who are looking for the quick buck, they hope, they <i><u>pray</u></i> that the Chinese will buy a mondo quantity of gold and push the price up.</p><p> </p><p>Hope is not a very good investment strategy. There is no real reason for the Chinese to substantially increase their gold holdings. Other than a store of value, gold has little usefulness.[/QUOTE]</p><p><br /></p>
[QUOTE="Morgan1878, post: 620004, member: 17869"]The Chinese aren't talking...it's just other speculators talking about what they think the Chinese will [I][U]do.[/U][/I] For the gold bugs on this forum who are looking for the quick buck, they hope, they [I][U]pray[/U][/I] that the Chinese will buy a mondo quantity of gold and push the price up. Hope is not a very good investment strategy. There is no real reason for the Chinese to substantially increase their gold holdings. Other than a store of value, gold has little usefulness.[/QUOTE]
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China announces they are buying 80B in gold! That's 2 Fort knox's!
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