Replies to post #1284 on Aurora Acquisition Corp (AURC)

[sojourner]

aire.. I thought I was the one confusing people. LOL

1) In any case, China Central Bank holds 600 tonnes (661.2 tons) of gold. This is well established from numerous sources.

See http://www.newkerala.com/news.php?action=fullnews&id=96139

"Mainland China's gold reserves are the world's tenth largest, at 600 tonnes, the World Gold Council estimated in September, but accounted at the time for only 1.1 per cent of China's foreign reserves. By comparison, Germany has 50.5 per cent of its foreign reserves in gold."

2) If I increase my frozen pizza reserves from 6 pies to 25 pies, I add 19 pies. I already have 6 pies.

Your quote is in error. The actual quote is:

"The jump was prompted, in part, by a suggestion that China should increase its gold holdings from 600 tonnes to 2,500 tonnes in the short term and up to 3,000 tonnes in the long term. The comment came from Teng Tai, an economist at Beijing-based China Galaxy Securities Co., China's biggest brokerage firm."

http://www.theglobeandmail.com/servlet/ArticleNews/freeheadlines/LAC/20051229/RGOLD29/business/ROB_M....