PHLX Gold/Silver Sector (XAU)

[long-gone]

To:Gary who wrote (201)
From: Keith Zhang Friday, Jul 4, 1997 6:23 PM
Respond to of 79916

Thanks Gary and all who provide the CB reserve info.
Is there a news source or web site which provide
update for these info?
Re: China CB reserve. I just learned that gold price
has risen 100%++ over the last 4-5 years in Chinese
local currency. And while the govnt keep buying the
US bonds (partly to protect HK from any currency
crisis due to speculator attacks), it just releases
new regulation to limit the citizens from bringing
gold out of the country. I am not sure about the
CB purchases, but consumer demand will be very high
in the coming years...

-Keith