China just hopes that more gold is put up for sale, so that that can step in and purchase all of it in exchange for a small portion of the $1.3 tillion American Dollars that they want to get out of, as quick as possible. China would then improve their economic condition a number of ways. One is to dump as many "Green-Backs", as soon as possible because of their declining International value. And, second is to use the gold to back their own currency in the near future. This is an important part of their plan to become the Worlds economic and military power-house.
This of course is in conjunction with their increased investments in particular industries and various foreign corporations. These just take much longer and are more complicated than buying 99.9% Gold Bars. Plus, they know that their purchases of large amounts of gold will automatically increase the spot price of Gold, almost instantly producing a net profit.
China Just Hopes That the IMF Or Others Sell Gold
China just hopes that more gold is put up for sale, so that that can step in and purchase all of it in exchange for a small portion of the $1.3 tillion American Dollars that they want to get out of, as quick as possible. China would then improve their economic condition a number of ways. One is to dump as many "Green-Backs", as soon as possible because of their declining International value. And, second is to use the gold to back their own currency in the near future. This is an important part of their plan to become the Worlds economic and military power-house.
This of course is in conjunction with their increased investments in particular industries and various foreign corporations. These just take much longer and are more complicated than buying 99.9% Gold Bars. Plus, they know that their purchases of large amounts of gold will automatically increase the spot price of Gold, almost instantly producing a net profit.
I heard a rumor that the IMF was looking to greatly depress...
the price of Gold back down to under 500.00/oz. Anyone else hear this?
In Christ,
Dave
www.lionandlambministry.c...
www.lionandlambtv.com
www.lionandlambtv.com/ind...
(Lion and Lamb's NEW Radio Station...listen)
www.lionandlambtv.com/ind...
(Lion and Lamb's NEW TV Station.......watch)
Act of Desperaton - US Congress plans to save dollar and market
Here it is.
http://www.dailypaul.com/...
that would be great
Buy gold on the dips. They can't suppress the price forever, and driving it back to that level would make a great buying opp.
Silver hasn't done badly in
Silver hasn't done badly in the last 6 mos either.
Its a shame we don't base
Its a shame we don't base our currency on it Tee Hee
Ron Paul 2008