China Gold Reserves “Too Small” - Ensure “National Economic and Financial Safety”

Discussion in 'Economy' started by Mad Scientist, Nov 14, 2012.

  1. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    I had heard from Max Keizer that the "October Surprise" was that China would announce that it had doubled it's Gold reserves.
    From ZeroHedge:
    China Gold Reserves
    If Max is correct then China will announce this year(?) that they have doubled their reserves to 2,000 tonnes.

    I first thought about buying Gold when it was at about 1000 but stupidly waited until it was 1450, now it's 1726. As long as the Fed keeps printing money the price in Dollars will keep going up. See, Gold isn't going UP as much as the value of a Dollar is going DOWN.

    Don't I wish I'd bought back in 2000 when it was 280 and Silver was 5? :lol:
     
  2. RoadVirus
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    RoadVirus <insert pithy title here>

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    I'm sure Obama would be happy to give China some of our gold reserves.
     
  3. Oddball
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    Oddball BANNED Supporting Member

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    Buy junk silver...It'll be the coin of the realm before too long.
     
  4. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    If we have any.
     

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