Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Gold and China in the news
>
Reply to Thread
Message:
<p>[QUOTE="danisanub, post: 683419, member: 18933"]It seems lately that there are a lot more stories in the news relating to bullion:</p><p><br /></p><p><a href="http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ajhlO0WbHd3o" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ajhlO0WbHd3o" rel="nofollow">http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ajhlO0WbHd3o</a></p><p><br /></p><p>And this one is really interesting: </p><p><a href="http://www.telegraph.co.uk/finance/economics/6146957/China-alarmed-by-US-money-printing.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.telegraph.co.uk/finance/economics/6146957/China-alarmed-by-US-money-printing.html" rel="nofollow">http://www.telegraph.co.uk/finance/economics/6146957/China-alarmed-by-US-money-printing.html</a></p><p><br /></p><p> "If they keep printing money to buy bonds it will lead to inflation, and after a year or two the dollar will fall hard. Most of our foreign reserves are in US bonds and this is very difficult to change, so we will diversify incremental reserves into euros, yen, and other currencies," he said. </p><p> China's reserves are more than – $2 trillion, the world's largest. </p><p> "<b>Gold is definitely an alternative, but when we buy, the price goes up. We have to do it carefully so as not to stimulate the markets</b>," he added. The comments suggest that China has become the d<b>riving force in the gold market</b> and can be counted on to </p><p><b>buy whenever there is a price dip, putting a floor under any correction</b>."</p><p><br /></p><p><br /></p><p>Seems like gold is getting ready to soar, soar, soar[/QUOTE]</p><p><br /></p>
[QUOTE="danisanub, post: 683419, member: 18933"]It seems lately that there are a lot more stories in the news relating to bullion: [url]http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ajhlO0WbHd3o[/url] And this one is really interesting: [url]http://www.telegraph.co.uk/finance/economics/6146957/China-alarmed-by-US-money-printing.html[/url] "If they keep printing money to buy bonds it will lead to inflation, and after a year or two the dollar will fall hard. Most of our foreign reserves are in US bonds and this is very difficult to change, so we will diversify incremental reserves into euros, yen, and other currencies," he said. China's reserves are more than – $2 trillion, the world's largest. "[B]Gold is definitely an alternative, but when we buy, the price goes up. We have to do it carefully so as not to stimulate the markets[/B]," he added. The comments suggest that China has become the d[B]riving force in the gold market[/B] and can be counted on to [B]buy whenever there is a price dip, putting a floor under any correction[/B]." Seems like gold is getting ready to soar, soar, soar[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Gold and China in the news
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...
