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)
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4 thoughts on “The reason for yesterdays gold increase

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

    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?

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  • The telegraph is a Gold VI. Go check out
    heh just kidding

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  • 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).

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