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China admits to building up stockpile of gold(Obama $ scares Chinese!!)
financial post ^

Posted on 04/24/2009 5:53:24 PM PDT by maccaca

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.

Hu Xiaolian, head of the State Administration of Foreign Exchange, told Xinhua news agency in an interview that the country's reserves had risen by 454 tonnes from 600 tonnes since 2003, when China last adjusted its state gold reserves figure.

The confirmation of its surreptitious stockpiling is likely to fuel market talk about Beijing's ability to buy secretly and its ambitions for spending its nearly US$2-trillion pile of savings. And not just in gold: copper and other metals markets are booming thanks to China's barely-visible hand.

Speculation has gathered speed over the last year, since the tumbling dollar has threatened to weaken China's buying power - and give it yet more reason to diversify into gold, oil and metals.

Gold prices jumped on the news of Chinese buying and were up more than 1% on the day at US$912.05 an ounce at 0715 GMT. By a Reuters calculation, China's holding of gold would be worth around US$30.9-billion at current prices.


TOPICS: News/Current Events
KEYWORDS: chinagold; gold
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To: nmh

Slow down there comrade.

You sound, almost like an agent of the Peoples Propaganda Ministry.

Explain for readers, comrade, why you believe the Dalai Lama is an “idiot”.

Then perhaps you can share your feelings on the Falun Gong?


41 posted on 04/24/2009 9:15:59 PM PDT by Cringing Negativism Network (Got Tea?)
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To: Cringing Negativism Network

Slow down there comrade.

You sound, almost like an agent of the Peoples Propaganda Ministry.

Explain for readers, comrade, why you believe the Dalai Lama is an “idiot”.

Then perhaps you can share your feelings on the Falun Gong?


I’m not a “comrade” of yours.

I already ecplained in my post using his replies on what is wrong with this IDIOT!


42 posted on 04/25/2009 7:55:24 AM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: Cringing Negativism Network

Try READING and UNDERSTANDING what the IDIOT is about:

On that note, guess what IDIOT is praising the U.S.?

Dalai Lama Calls America ‘Champion of Freedom’ in Exclusive Interview
Friday, April 24, 2009

...

The Dalai Lama praised American democracy and said he thinks President Obama is realistic and open, in an exclusive interview with FOX News during his five-city tour of the United States.

The Tibetan spiritual leader, in addition to discussing the value of kindness and compassion, spoke of his admiration for the United States.

“I think basically America is a champion of freedom, democracy, liberty,” he said before a series of lectures at the University of California, Santa Barbara. “Occasionally the administration neglects these principles, but overall, I think these principles are very much alive in this country.”

...

“He seems, I think, very realistic, very open,” the Dalai Lama said, “and he always reaches out to other people, even though some people create some problems. He always reaches out. That’s, I think, wonderful. Very good.”

...

“Certain principles, such as human rights, democracy, rule of law, freedom and openness, these things are principle matters. If you (believe) money is more important than these principles, then that is morally wrong. We must stand firm on these principle matters.”

...

“I think the global economic crisis, in a way, is good, to teach people who usually see their luxurious way of life. Now, I think it reminds people there are limitations. It’s unrealistic to always expect grow, grow, grow, grow,” he said.

(Did you catch that? He LIKES “limitations” and doesn’t want countries to “grow” and PRO$per.)

...

http://www.foxnews.com/story/0,2933,517837,00.html

Obama is remaking our “image” into a poor, third world country where comapnies are run by the government and there is no incentive to be a super power or achieve.

All the anti-capitalists and poorer countries will LOVE the U.S.. Imagine what this will do to our “image”?


43 posted on 04/25/2009 7:56:51 AM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: nmh

Perhaps I misunderstood.

Were you, or were you not, referring to one of the world’s holiest living humans - right up there with the Pope.

An “idiot”?


44 posted on 04/25/2009 7:59:44 AM PDT by Cringing Negativism Network (Got Tea?)
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To: Cringing Negativism Network

Not only is the Dali Lama an idiot but so are YOU!

I’m ot Catholic either and I consider him an IDIOT also.

Try READING and UNDERSTANDING what the IDIOT is about:

On that note, guess what IDIOT is praising the U.S.?

Dalai Lama Calls America ‘Champion of Freedom’ in Exclusive Interview
Friday, April 24, 2009

...

The Dalai Lama praised American democracy and said he thinks President Obama is realistic and open, in an exclusive interview with FOX News during his five-city tour of the United States.

The Tibetan spiritual leader, in addition to discussing the value of kindness and compassion, spoke of his admiration for the United States.

“I think basically America is a champion of freedom, democracy, liberty,” he said before a series of lectures at the University of California, Santa Barbara. “Occasionally the administration neglects these principles, but overall, I think these principles are very much alive in this country.”

...

“He seems, I think, very realistic, very open,” the Dalai Lama said, “and he always reaches out to other people, even though some people create some problems. He always reaches out. That’s, I think, wonderful. Very good.”

...

“Certain principles, such as human rights, democracy, rule of law, freedom and openness, these things are principle matters. If you (believe) money is more important than these principles, then that is morally wrong. We must stand firm on these principle matters.”

...

“I think the global economic crisis, in a way, is good, to teach people who usually see their luxurious way of life. Now, I think it reminds people there are limitations. It’s unrealistic to always expect grow, grow, grow, grow,” he said.

(Did you catch that? He LIKES “limitations” and doesn’t want countries to “grow” and PRO$per.)

...

http://www.foxnews.com/story/0,2933,517837,00.html

Obama is remaking our “image” into a poor, third world country where comapnies are run by the government and there is no incentive to be a super power or achieve.

All the anti-capitalists and poorer countries will LOVE the U.S.. Imagine what this will do to our “image”?

“Cringing Negatvismn Network” fits you.


45 posted on 04/25/2009 8:02:23 AM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: Cringing Negativism Network

Maybe someday you’ll take your intellectual training wheels off.

Cringing Negativism Network
Since Jan 22, 2005

IDIOT!

Go over to DU. I’m sure their fawning over these discpicalbe humanists.


46 posted on 04/25/2009 8:04:06 AM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: nmh

The Pope is also an “idiot”?

Is that what you just said?


47 posted on 04/25/2009 8:04:17 AM PDT by Cringing Negativism Network (Got Tea?)
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To: Cringing Negativism Network

A little SLOW today?

Truly go over to DU.

They are about your speed.


48 posted on 04/25/2009 8:09:00 AM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: nmh
Yes, and I also read that China is now buying copper instead of more of our debt, supposedly because eclectic cars need it for their batteries.
49 posted on 04/25/2009 2:33:40 PM PDT by street_lawyer (Truth is a defense and the best offense.)
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