The nation increased its reserves by 454 tons to 1054 tons through domestic purchases and refining scrap metal. The amount is more than Switzerland’s 1040 tons, World Gold Council data showed, and is worth $31 billion at April’s prices. … Don’t forget: China remains the principle buyer of US government bonds so critical to President Obama’s recovery plans, but what happens if China soon reaches the point where it will simply decide that it is too risky to continue …
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Battle Lines Drawn For Gold
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