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Chinese Central Bank says gold prices on a bubble
Ms Sans Serif
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[quote:Anonymous Coward 782016:MV85MzYyOTJfMTQ1MjA3MzJfRTY4MDRBRkE=] [quote:Anonymous Coward 781960] AAAAAANNNNNNDDDDDDD................ Gold is goin' in the tank right now. http://www.kitco.com/charts/livegold.html [/quote] Don't think of it as tanking. Think of it as a buying opportunity. [/quote]
so basically has been reluctantly playing the gold card making it
all too public they're looking to diversify more into the stuff...
why? big game of chicken they would much prefer to be doing
what they have been doing and doing it slowly, ie. buying their
gold directly from production and scrap.
but left a reckless FED they had engage in a bit of PR brinkmanship.
but India has cheated! they've gone and bought a boatload from
the IMF for TOP DOLLAR!! couple games of chicken now... China
is in a bad spot here... thanks a bunch India... out comes
China saying gold is in a bubble all of the sudden.
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