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, imo.
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