tag:blogger.com,1999:blog-3758330678390419129.post1094271462625395192..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: MAJOR: China Accumulating Huge Gold PositionRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3758330678390419129.post-77369705396613048742009-04-26T05:25:00.000-04:002009-04-26T05:25:00.000-04:00Does the building up of gold reserves give China s...Does the building up of gold reserves give China some sort of protection if it decides to start selling its dollars and refuses to buy more US Govt debt? Either action would presumably result in a collapse in the value of the dollar which wouold potentially hit China cos it has such huge dollar reserves itself. Presumably huge gold reserves would give them some protection from such a dollar not an economisthttps://www.blogger.com/profile/08679610738502901666noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-64230449920820301122009-04-25T21:10:00.000-04:002009-04-25T21:10:00.000-04:00Bloomberg reports the Chinese as having increased ...Bloomberg <A HREF="http://www.bloomberg.com/apps/news?pid=20601087&sid=azu2GgdtzJqQ&refer=home" REL="nofollow">reports</A> the Chinese as having increased their gold reserves by 76%. <br /><br />Gold, of course, is only part of the equation and they are moving into resources internationally in a big way. My guess is that it wont be long before the big boys start playing the "economic nationalistearth that washttps://www.blogger.com/profile/03635503399458271477noreply@blogger.com