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Tuesday, May 18, 2010

Gold rush in China is pushing the Gold price to all times high

Chinese love GOLD

May 18, 2010China is now the number one consumer of Gold , and it is not just consumers , the central bank of china is quietly building up its reserves moving away from Euros and Dollars into hard assets like Gold ...and to meet this demand for gold China is opening new mines every month to the point that China now eclipsed south africa as the gold's first producer , Smart Chinese buying gold and dumping FIAT at rapid rates....

I guess they see currencies are only headed one way...DOWN!


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