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Author	Replies: 5 / Views: 1,052
wd1040 Pillar of the Community United States 3098 Posts	Posted 04/24/2009 12:04 pm China admits to building up stockpile of gold Alfred Cang and Tom Miles, Reuters Published: Friday, April 24, 2009 SHANGHAI/BEIJING - China revealed on Friday that it had secretly raised its gold reserves by three-quarters since 2003, increasing its holdings to 1,054 tonnes - or a pot worth about US$30.9-billion - and confirming years of speculation it had been buying. Hu Xiaolian, head of the State Administration of Foreign Exchange, told Xinhua news agency in an interview that the country's reserves had risen by 454 tonnes from 600 tonnes since 2003, when China last adjusted its state gold reserves figure. http://www.financialpost.com/news-s...l?id=1530063 I thought this would happen after the G20/IMF gold sale decisions... Report this Post to the Staff

Dnickels Valued Member United States 99 Posts	Posted 04/24/2009 4:13 pm China is stockpiling . . . everything! Report this Post to the Staff
ErrorCoins222 Pillar of the Community United States 1699 Posts	Posted 04/24/2009 4:37 pm does this have anything to do with communism? Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 04/24/2009 9:18 pm When it comes to news media reports on anything I always remember an old saying. Believe nothing of what you hear and only half of what you see. Report this Post to the Staff
wd1040 Pillar of the Community United States 3098 Posts	Posted 04/24/2009 11:25 pm Well, the markets sure believed that today. Report this Post to the Staff
Hollywood Pillar of the Community United States 1228 Posts	Posted 04/27/2009 2:56 pm Quote: just carl Believe nothing of what you hear and only half of what you see. I subscribe to the law by contrary public opinion,i say bet the other way into witch I know there wrong . Report this Post to the Staff
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