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Message: Re: The Dumping Begins: Chinese Reserve Managers Notified That Any Non-USG Guara

That is right, I read some article from gold eagle, saying 10% of the gold stocks in portfolio during the great resession can make the portfolio less than 15% loss in 1930. So china need at least add $80B gold at current price, which is one year's world production - mission impossible - market price has to jump very high. Some analyst from merill lynch said each 100 tons of gold purchase by central banks will increase the POG by $50 - inida's 200 tons buy sent POG from 1050 to 1150. So if China buys 3000 tons of gold, POG will be $2500. Sonds good to everyone ? By the way, congradulations to everyone on this board, you have built a double, or triple safe Great REsssioin proof wealth portfolio ! JMT.

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