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China Urged to Quadruple Gold Reserves (Reuters

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NYBob Member Level  Wednesday, 05/10/06 03:20:54 AM
Re: Artist 49John post# 141
Post # of 191 
China Urged to Quadruple Gold Reserves (Reuters 5/9) -

Chinese economists are urging Beijing to quadruple
its Gold Reserves to 2,500 tonnes from the current
600 tonnes because the country foreign exchange
reserves had become the world's largest, an
official industry newspaper reported.

"More Gold Reserves will help the government prevent
risks and handle emergencies in case of future
possible turbulence in the international political
and economic situation," the paper said, citing
Tan Yaling, a researcher with the Bank of China.

A weak dollar had also made more gold holdings
necessary... China has been trying to gradually
diversify its reserve holdings away from the dollar.

RE: Eurasia EURO Gold $703.00 per ounce -

Rhodium $4990.00 per ounce - Gold will follow -

Viktor Vekselberg Renova want Charaltyn -
because he knows its the richest Gold projects
in the world -
that the price a firesale bargain at a dime
on the fiatdollar -
he will be back to buy more -
Eurasia TKA - refused to sale him more -
TKA - maybe Thyssen Krupp holding -
using ally-caretaker -
to keep their unions out -
to me a demand from Viktor, TKA -
russia and the rest of EURO -
will blow the Eurasia Gold -
from $0.45 - 4.50 - 45 - 450 -
no doubt -

Eurasia the new Klondike in EURO
the Last Frontier -

with 100's of Gold deposits - only
drilled to 300' but still classified
as Gold deposits which can be mined
for a profit by russian engineers who
did explorations for 50 years with soviets
ussr gov. fundz -
thanks Nobel - good info.

Russia's Renova is controlled by billionaire
businessman Viktor Vekselberg - wanted to buy
all of Charaltyn for $300 million -
he was only allowed to buy 25% for $75 million -
with a much higher POG $677.00/oz today it was
smart move - he would get about double today,


PRESS: Russia's Renova close to buying 25% in Kazakh gold co


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