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Kauaicat

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Kauaicat

Re: cartonet post# 12150

Wednesday, 02/11/2009 4:20:50 PM

Wednesday, February 11, 2009 4:20:50 PM

Post# of 35788
If the Chinese were to purchase 4000 tonnes of gold with their foreign currency reserves, that would equal about 1.6 times the annual world production (roughly 2500 t). At $940 per oz., that is still less than 10% of their foreign currency reserves.
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