Wednesday, May 10, 2006 3:42:01 AM
(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.
Franklin Gold $703.00 per ounce -
Rhodium $4990.00 per ounce - Gold will follow -
Franklin Silver $14.52 per ounce
FMNJ P&F Bullish
FMNJ Price objective $2.19
when will it be accomplished? -
what is your objectives? -
thanks for joining FMNJ mission -
history often repeat itself -
http://tinyurl.com/gjge9
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