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Re: sojourner post# 1255

Wednesday, 02/01/2006 10:04:01 AM

Wednesday, February 01, 2006 10:04:01 AM

Post# of 115222
Ninja, here is the quote, it is from the article you brought to the board, thank you.


Chen Feng reports, Teng Tai, an economist of China Galaxy Securities Company said "China should increase its gold reserve from 600 tons to about 2,500 tons in a short term and to 3,000 tons in a long term to cope with the versatile exchange rate risks...

600 as a minimum short term purchase and possibly 2500. 3000 long term to be added to their existing stock.

You're right, using Tonnes takes a little more out of circulation and puts more presure on a price rise. Instead of confusing people, I'm just rounding.

Thanks,
Airdale

This post is an opinion and should not be considered reason to buy or sell any security, or to besmirch, belittle or berate any person, religion, cult, creed, race, sex, political party, company or company representative of any age or appearance.