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<p>[QUOTE=&quot;desertgem, post: 1165747, member: 15199&quot;]<a href="http://www.bochk.com/web/common/multi_section.xml?section=investment&amp;level_2=precious_metals&amp;fldr_id=251" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bochk.com/web/common/multi_section.xml?section=investment&amp;level_2=precious_metals&amp;fldr_id=251" rel="nofollow">http://www.bochk.com/web/common/multi_section.xml?section=investment&amp;level_2=precious_metals&amp;fldr_id=251</a></p><p><br /></p><p>From the bank of China Webpage. Please note the section I have highlighted in red. I do not know why so many goldblogs and sites make such a big thing about Chinese individuals ownership of PM.&nbsp; China has a history of financial manipulation. Does this action do anything more than individuals giving the Bank of China Yuan in exchange for PM that is stored at the bank and will not be given delivery, so convenient for China to change their attitude and keep the PM as reserves. </p><p><br /></p><p>In the US would you put money into a US Gold account, where you could not get delivery, not be sure the gold would be there when you wanted it ?&nbsp; This was a smart move by the Chinese government, and not for the gain of their citizens , IMO.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>

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