Archive for March 9th, 2010

China Will Not Deversify It’s Foreign Reserves Into Gold

The dream of every gold bull got shattered today by Yi Gang, head of the China State Administration of Foreign Exchange (SAFE): It is, in fact, impossible for gold to become a major investment channel for China’s foreign exchange reserves. I have 1,000 tonnes now, and even if I doubled that holding, according to current […]

 

Get Adobe Flash player