Quote:
Originally Posted by plainolebill
If the chinese actually quit buying treasuries gold would be $5000 the next day.
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that is right. china produces more gold than anyone, they also buy gold on the open market. they are also buying up assets throughout the world. they are scooping up mining company's, food producers, real estate. they are pretty sharp. that is what they are doing with the dollars that they hold.
in case you have missed it, my new price projection for gold based in us currency is now $1740. i suspect it is quite conservetive a number