Author: Lawrence Williams
Posted: Thursday , 23 Dec 2010
China can build its reserves without overtly appearing to do so, by buying in its own gold production, which not only includes mine production, but also output from custom refining, either of gold directly, but also from byproduct gold from its vast base metals refining sector. LINK...
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China has been called the next Great Nation of the world by many well respected and successful financial guru's. China has not only absorbed much of our manufacturing sector in their own country, but they have also been acquiring commodity based companies around the world. They see the "writing on the wall" and diversifying out of the USD is key to their strategy. Buying gold to protect their USD reserves has been actively pursued by China for a long time now. Although China may keep their gold strategy a secret, global central banks have publicly revealed their intention to increase their gold reserves. We see no reason why every citizen who has investments should not have gold bullion as part of their portfolio. What is the old saying? Don't do as they say, do as they do! BK
