Enviado por: "Silverio De la Mora" delamorasilverio@hotmail.com
silveriodelamora56
Do, 13 de Sep, 2009 6:41 am
Weekend Edition
The Best of The S&A Digest
In an interview with the London Telegraph, Cheng Siwei, former vice chairman of China's Communist Party's Standing Committee, said China has lost confidence in the dollar (nothing new there), and it is buying massive gold reserves to protect itself...
"Gold is definitely an alternative, but when we buy, the price goes up," Cheng, now a global economic ambassador for China, says. "We have to do it carefully so as not stimulate the market."
As a policy, China will buy gold on dips, creating a strong floor for the metal. China's buying – the country has doubled its reserves to 1,054 metric tons – also explains why gold has held strong despite a soaring market.
China pierde confianza en el dolar y esta comprando reservas masivas para protegerse. El oro es la alternativa que favorecen, con los consecuentes movimientos a la alza que se generan en el mercado- y con el consiguiente golpe que le darán al dolar,