Michael Kosares: China turns IMF gold sales into a wet noodle
Alex Stanczyk (April 26th, 2009) Writes:
By Michael Kosares
Centennial Precious Metals, Denver
Saturday, April 25, 2009
http://www.usagold.com
There may be some misunderstanding about the increase in Chinese gold reserves. The bulk of that gold has come from purchases of their own domestic production, not open-market purchases, so the impact on the price is indirect. But because China is the largest gold producer in the [...]div class="feedflare"
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