IMF sells 191 tons of gold to China

peaceandlove · 03-10-2010, 06:06 PM

Bob Chapman has been mentioning this would happen soon.

Now China's talking gold down, maybe wanting to get more cheap

Submitted by cpowell on Tue, 2010-03-09 Section: Daily Dispatches
China Cautious on Gold Buying

By Aaron Back
The Wall Street Journal
Monday, March 8, 2010

http://online.wsj.com/article/SB1000...11062192079093...

BEIJING -- China's chief foreign-exchange regulator suggested the country's appetite for further gold purchases may be limited and offered soothing words about China's role as an investor in U.S. Treasurys.

"Gold is not a bad asset, but currently a few factors limit our ability to increase foreign-exchange investment in gold," said Yi Gang, director of China's State Administration of Foreign Exchange. He said gold doesn't offer good long-term returns due to price swings.

China rarely reveals its thinking on its investment of its foreign-exchange reserves, which at $2.4 trillion is the world's largest. The issue of China's gold holdings has been highlighted since the global financial crisis as the dollar's movements have prompted academics and officials outside SAFE to recommend more diversification of China's reserves from U.S. Treasurys.

Continues: http://www.gata.org/node/8411

Rocky_Shorz · 03-10-2010, 06:25 PM

or it could be read a different way that they are pushing down treasury prices by saying they are declining to buy further into US Debt...

According to an insiders report from Shanghai while the news have been reporting the abandoning of US treasures they are at a record buy up right now in the market...

It's very interesting but one thing we all understand if the news channels are telling us one thing, do the other...

It is how insider info is being passed around the globe

peaceandlove · 03-16-2010, 07:21 PM

Look like China has bought their gold.

Spot Gold Prices Up on Interest Rate View or CHINA'S PURCHASE IS FINALIZED...

By Andrea Tse 03/16/10 - 02:29 PM EDTAdd Comment
Stock quotes in this article: SVM , PAAS , HL

NEW YORK (TheStreet) -- New York spot gold prices are rising in midday trading following declines in the dollar ahead of the expectation that the Federal Reserve will not be hiking up interest rates at this stage of the game, as well as on ongoing concerns about global credit problems.

Spot gold prices are rising by $14.60, or 1.3% to $1,123.40 an ounce.

Continues with Gold Chart: http://www.thestreet.com/story/10704...rate-view.html

03-10-2010, 06:06 PM	#1
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Re: IMF sells 191 tons of gold to China Bob Chapman has been mentioning this would happen soon. Now China's talking gold down, maybe wanting to get more cheap Submitted by cpowell on Tue, 2010-03-09 Section: Daily Dispatches China Cautious on Gold Buying By Aaron Back The Wall Street Journal Monday, March 8, 2010 http://online.wsj.com/article/SB1000...11062192079093... BEIJING -- China's chief foreign-exchange regulator suggested the country's appetite for further gold purchases may be limited and offered soothing words about China's role as an investor in U.S. Treasurys. "Gold is not a bad asset, but currently a few factors limit our ability to increase foreign-exchange investment in gold," said Yi Gang, director of China's State Administration of Foreign Exchange. He said gold doesn't offer good long-term returns due to price swings. China rarely reveals its thinking on its investment of its foreign-exchange reserves, which at $2.4 trillion is the world's largest. The issue of China's gold holdings has been highlighted since the global financial crisis as the dollar's movements have prompted academics and officials outside SAFE to recommend more diversification of China's reserves from U.S. Treasurys. Continues: http://www.gata.org/node/8411 Last edited by peaceandlove; 03-10-2010 at 06:17 PM.

03-10-2010, 06:25 PM	#2
Rocky_Shorz Avalon Senior Member Join Date: Sep 2008 Location: USA Posts: 1,098	Re: IMF sells 191 tons of gold to China or it could be read a different way that they are pushing down treasury prices by saying they are declining to buy further into US Debt... According to an insiders report from Shanghai while the news have been reporting the abandoning of US treasures they are at a record buy up right now in the market... It's very interesting but one thing we all understand if the news channels are telling us one thing, do the other... It is how insider info is being passed around the globe

03-16-2010, 07:21 PM	#3
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Re: IMF sells 191 tons of gold to China Look like China has bought their gold. Spot Gold Prices Up on Interest Rate View or CHINA'S PURCHASE IS FINALIZED... By Andrea Tse 03/16/10 - 02:29 PM EDTAdd Comment Stock quotes in this article: SVM , PAAS , HL NEW YORK (TheStreet) -- New York spot gold prices are rising in midday trading following declines in the dollar ahead of the expectation that the Federal Reserve will not be hiking up interest rates at this stage of the game, as well as on ongoing concerns about global credit problems. Spot gold prices are rising by $14.60, or 1.3% to $1,123.40 an ounce. Continues with Gold Chart: http://www.thestreet.com/story/10704...rate-view.html