China ‘s gold reserves 1of2 growing by leaps and bounds

little more than one-tenth of the value of the US gold reserve, the world’s biggest. It also means gold has slipped as a share of China’s total reserves from about 2%, based on end-2003 prices. Only six countries hold more than 1000 tonnes, and China is ranked fifth, having leap-frogged Switzerland, Japan and the Netherlands with its announcement. However, the International Monetary Fund and the SPDR Gold Trust exchange traded fund are even bigger, leaving China with the world’s seventh-biggest …

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19 Responses to China ‘s gold reserves 1of2 growing by leaps and bounds

  1. cds162 says:
    May 6, 2009 at 5:24 am

    i’m buying… hope you are too!

  2. cds162 says:
    May 6, 2009 at 5:24 am

    China is buying gold.. and so should you
    (and/or silver too)

  3. gringott12 says:
    May 6, 2009 at 5:24 am

    China has cut up the US credit card.
    They have to get out of the dollar so they have something left when US hyperinflation hits.
    All that US debt they hold won’t be worth the paper it is printed on.
    They are getting ready, so should you.

    I like how they put words in other people’s mouths. I haven’t heard anyone say you are crazy or stupid to buy gold. Only these people on this video.

    Only fools thought the high real estate prices made sense.

  4. Muraabit says:
    May 6, 2009 at 5:24 am

    1:25

    a) ”they heard what I said and did what I said”

    lol max

  5. bbn1980 says:
    May 6, 2009 at 5:24 am

    unfortunately, my neighborhood supermarket doesn’t accept gold when I want to purchase bread….yet.

  6. smashsamus says:
    May 6, 2009 at 5:24 am

    why, you ask? because China is set to be the next world power. but I don’t think all thhis shit is going to last all that much longer though. all this stuff WILL come to an end.

  7. KhmerD0g says:
    May 6, 2009 at 5:24 am

    lingerie bowl boobs.

  8. madridisinSpain says:
    May 6, 2009 at 5:24 am

    The dollar is not backed by gold anymore. Nixon took the dollar out of the gold standard after France realized that the US was printing more dollars that what they had backed with gold, and the french asked to ship their dollars in gold to their country. Look at glen beck – inconvinient debt

  9. streakAsia says:
    May 6, 2009 at 5:24 am

    Can I ask why everyone in the states don’t go demand GOLD for the dollar… isn’t claimed to be BACKED by gold? Get the GOLD, everyone and you will learn it is all VIRTUAL. DEMAND GOLD FROM YOUR EMPLOYER for YOUR WORK

  10. streakAsia says:
    May 6, 2009 at 5:24 am

    notice the hand on the panda, it is holding it out begging

  11. streakAsia says:
    May 6, 2009 at 5:24 am

    it is not all China’s gold. Some have been moving to China as well… why?

  12. CurrencyCafe says:
    May 6, 2009 at 5:24 am

    So buy GOLD.

  13. leepakim says:
    May 6, 2009 at 5:24 am

    and silver?

  14. PestControl02 says:
    May 6, 2009 at 5:24 am

    great info & entertaining
    5*

  15. mrzack888 says:
    May 6, 2009 at 5:24 am

    did someone say “Gold”!!!

  16. tinstareel2 says:
    May 6, 2009 at 5:24 am

    Woo! Gold standard here we come…

  17. calypsodelta99 says:
    May 6, 2009 at 5:24 am

    NYAHHAHAH, Neil Cavuto, that fuck, look at him (3:28), he’s eye them tittes!

  18. Danster82 says:
    May 6, 2009 at 5:24 am

    umm hu

  19. SandyAllred says:
    May 6, 2009 at 5:24 am

    Good report!