China will be 5 billion U.S. dollars in loans to private mining companies in
Zambia to provide Chinese companies
Moola...I'm hopeful that China's influence and Fung's reported connections will help us out of this mess. It would seem (just based on the unreliable rhetoric coming out of Vz) that the Venezuelan situation is a little different that Africda's. The Venezuelan Central Bank says they want the lion's share of the gold. "Private" and "Profit" are bad words in Venezuela. Everyone wants the gold to stockpile.....whether it be Venezuela, China or Russia (think global hyper-inflation with the evolution of a new gold linked world reserve currency). Despite Venezuela's rhetoric....they still have to get the gold out of the ground....there is no mine to steal and no one will build it at a loss. Don't know where this is going, but I would prefer the Chinese to the Russians. Better yet...Goldcorp, Barrick, etc. That way we could simply hold on to our shares.