Replies to post #1833 on Penny Gold Miners

[NYBob]

Is China preparing to back the Yuan with gold?

http://www.youtube.com/watch?feature=player_embedded&v=eskvxlgp06Q

China is the #1 producer of gold and has recently become
the #1 importer of gold.
They have also encouraged their own citizens to buy both
gold and silver.

Though it is speculative, we believe that China is indeed
preparing for the future, either to have the first
gold backed currency or to follow up with a
gold back currency after Russia, the U.S., or
another major nation announces one.

Recently it was reported that a Chinese Diplomat told
Stephen Leeb that China is accumulating gold
to back the Yuan, so this is certainly being talked about
in some very high circles of influence.

If China Yuan be backed by a Gold Standard -
HOW HIGH WILL GOLD PRICE FLY ? -

THE HISTORY OF LAWFUL GOLD AND SILVER LEGAL TENDER AND
THE DEBT BROUGHT ON BY UNLAWFUL FIAT PAPER MONEY -

http://www.biblebelievers.org.au/monie.htm

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90141196

Caledonia “Cash costs at the mine are running
at around $500/oz,
which positions the company well to keep
generating cash to self-fund expansion and
pay dividends to shareholders.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89991137
E.g.,
CALVF is out of US long arm Au confiscation -
God Bless