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<p>[QUOTE="Otter, post: 751623, member: 3464"]<b>Nadler's Latest</b></p><p><br /></p><p>A quote he used from China....</p><p><br /></p><p><i>"None other than the soon-to-be-winner- of the "new darling" central bank contest of the bullion bulls, China, uttered the "B" word overnight. Just as bullion set new price records near $1018 per ounce. "Gold prices are currently high and markets should be careful of a potential asset bubble forming" a senior official at China's central bank said on Wednesday, as prices for the precious metal hit a record high. This is the China that is supposed to be getting ready to go on a gold shopping spree that some have estimated to range from 2 to 10 thousand tonnes? "</i></p><p><br /></p><p>While not denying the possibility of a bubble, if you were going to but 10,000 tons of Gold, wouldn't you want to create a little FUD (Fear, Uncertainty, Doubt) to create a lower price????</p><p><br /></p><p>I see more US deficit spending, gold miners un-hedging, central banks buying gold, supply shrinking, US$ getting weaker (hey when you can buy more US debt for the same price in local currency, doesn't that help the US finance its debt?); I am trying to see more arguments against gold than "there is a bubble" OR "the dollar has always recovered".</p><p><br /></p><p>Help me before I go buy more <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Otter, post: 751623, member: 3464"][b]Nadler's Latest[/b] A quote he used from China.... [I]"None other than the soon-to-be-winner- of the "new darling" central bank contest of the bullion bulls, China, uttered the "B" word overnight. Just as bullion set new price records near $1018 per ounce. "Gold prices are currently high and markets should be careful of a potential asset bubble forming" a senior official at China's central bank said on Wednesday, as prices for the precious metal hit a record high. This is the China that is supposed to be getting ready to go on a gold shopping spree that some have estimated to range from 2 to 10 thousand tonnes? "[/I] While not denying the possibility of a bubble, if you were going to but 10,000 tons of Gold, wouldn't you want to create a little FUD (Fear, Uncertainty, Doubt) to create a lower price???? I see more US deficit spending, gold miners un-hedging, central banks buying gold, supply shrinking, US$ getting weaker (hey when you can buy more US debt for the same price in local currency, doesn't that help the US finance its debt?); I am trying to see more arguments against gold than "there is a bubble" OR "the dollar has always recovered". Help me before I go buy more :)[/QUOTE]
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