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China Plans to Help Bullion Producers Expand Overseas, Central Bank Says

gsa1fangsa1fan Posts: 5,566 ✭✭✭
in Precious Metals
Bloomberg Opinions how will this announcement affect the POG?

Sounds like they are tired of buying paper promisesimage

Avid collector of GSA's.

Comments

  • MrOrganicMrOrganic Posts: 1,366
    thanx for the article!
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  • CaptHenwayCaptHenway Posts: 32,125 ✭✭✭✭✭
    Another, bullish China report:

    linko
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • Steve27Steve27 Posts: 13,274 ✭✭✭
    Ordinarily, this would result in greater gold production and thus reduce the price of gold, but China appears to be doing this so they can buy gold without going out into the open market. So as long as China buys/holds the additional supply, the price should be unaffected.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Tis nice to have capital

    Coin's for sale/trade.


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    800-624-1870

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    China the new "Hunt brothers"?
    Avid collector of GSA's.
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