Reuters:Reference: 1c) & Flowers and Weeds & Obama Troop Buildup
"SHANGHAI/BEIJING - China revealed on Friday that it had secretly raised its gold reserves by three-quarters since 2003, increasing its holdings to 1,054 tonnes - or a pot worth about US$30.9-billion - and confirming years of speculation it had been buying."
Follow the Bushbama drug money. We really need to start over in D.C., wipe the slate clean. And I loved this line:
"Gold prices jumped on the news of Chinese buying"I think they meant, "on the news of finding 750 tons of secret supply." Total annual mining production is about 2,300 tons, that means almost 6 months worth of global gold supply just "appeared," dumped into the picture at $0/oz.