13 Billion is a drop in the bucket for China....Submitted by Tessie101 on Mon, 09/21/2009 - 23:29
China wants a discount from the IMF for gold. I honestly believe they will get it. 13 Billion in US Dollars is nothing, and I am sure they will be able to buy this gold from the IMF. Please read this article:
China Wants IMF Gold, But Only at a Discount
Monday, September 21, 2009 9:52 AM
China is considering buying gold being offered for sale by the International Monetary Fund, Market News International said on Monday, citing two unnamed government sources, but the report could not immediately be confirmed.
Here is the rest:
I strongly believe that a currency that is tied to gold, or silver will be the next reserve currency, and China is on their way to acheiving that very, very soon. Watch Gold, and silver, they will continue to rise. All you gold bugs, you will finally have your payday.