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Don't sell your Gold
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<blockquote data-quote="user 4386" data-source="post: 411580" data-attributes="member: 4386"><p>Not clear how they would do that:</p><p></p><p><img src="https://www.prospectingaustralia.com/forum/img/member-images/4386/1526499400_gold-reserves-by-country.gif.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p>Also, reports I read say it is private Chinese buying not central bank buying. Finally, the figures being quoted are no larger than those countries gold production each year.</p><p></p><p>Apparently it will take six years of buying at this rate for either to even equal the gold stocks of Italy - and Russia's buying probably relates to sanctions over Crimea and issues with the Euro - I would have thought it one of the last countries to try and take on the dollar</p></blockquote><p></p>
[QUOTE="user 4386, post: 411580, member: 4386"] Not clear how they would do that: [img]https://www.prospectingaustralia.com/forum/img/member-images/4386/1526499400_gold-reserves-by-country.gif.jpg[/img] Also, reports I read say it is private Chinese buying not central bank buying. Finally, the figures being quoted are no larger than those countries gold production each year. Apparently it will take six years of buying at this rate for either to even equal the gold stocks of Italy - and Russia's buying probably relates to sanctions over Crimea and issues with the Euro - I would have thought it one of the last countries to try and take on the dollar [/QUOTE]
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Don't sell your Gold
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