Friday, November 10, 2006
The reason for yesterdays gold increase
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 (434 views)
4 thoughts on “The reason for yesterdays gold increase”
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sold 2 rent 1 says:
(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 1970’s
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?
sold 2 rent 1 says:
Trading the Gold Bull 2
http://www.zealllc.com/2006/goldbull2.htm
Nohpc says:
The telegraph is a Gold VI. Go check out goldpricecrash.co.uk
heh just kidding
Boarder says:
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).