Remember China?

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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Scruffy

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Remember China?

posted on Jan 16, 2009 09:44AM

A late 08 headline was "China want to buy 4,000 tonnes of gold to diversify their $1.9 Trillion in US instruments."

Let's see: 4,000 tonnes * 32,000 oz * $835 = $107 Billion

What will they do with the remaining $1.8Trillion?

If yearly gold production is 2500 tonnes, where would that 4,000 tonnes come from?

What willl happen to the PoG if they try to get the gold from CRIMES and LBME?

Will they spend a few $ billion on silver?

I'm beginning to think the realistic monetary value of gold is on the order of $100,000

The global banking filth would fight that to the last politician in their back pocket!