Friday, Nov 10, 2006

The reason for yesterdays gold increase

The Telegraph: China 'to boost gold for years to come'

Gold surged more than $19 an ounce to $635 in New York trading after China's central bank chief said the country was eyeing "lots of instruments" as alternatives to US dollar reserves

Posted by sold 2 rent 1 @ 03:23 PM (406 views)
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4 Comments

1. sold 2 rent 1 said...

(from a previous post)
Nohpc,
Sure, there is evidence that gold could go either way in the short term.
Look at what happened in the 1970s

http://www.zealllc.com/c2004/Zeal090304A.gif

Gold halved in stage 2 before rocketing off into the stratosphere

Long term this is a secular bull for gold people with pacemakers should not buy gold.

I agree with your comments about silver being a better investment.
Does anyone know of a unit trust that caters for silver mining stocks?

Friday, November 10, 2006 03:25PM Report Comment
 

2. sold 2 rent 1 said...

Trading the Gold Bull 2
http://www.zealllc.com/2006/goldbull2.htm

Saturday, November 11, 2006 12:53AM Report Comment
 

3. Nohpc said...

The telegraph is a Gold VI. Go check out goldpricecrash.co.uk
heh just kidding

Saturday, November 11, 2006 08:35AM Report Comment
 

4. Boarder said...

With Chinese cities being polluted yet buying more and more cars, I suspect the Chinese will bring in catalytic converters.

These run on platinum etc. I was wondering where I could buy some (only around 5K GBP).

Saturday, November 11, 2006 11:08AM Report Comment
 

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