eureka, page-26

you blokes are amazing.

The chinese are on a winner here - buying gold in the ground at cheap prices - on that we all agree.

They want more and more and more gold - on that we all agree.


But then, you live in fear of them making a majority board decision to hedge at a cheap price and the chinese govt. spirit away the gold ---------- cheap.


Duh?

And just how many more companies would they be able to deal with in Australia after that do you think?

Your arguments make NO sense at all.

IF - china has got a bullet proof method of gaining solid access to large amounts of gold without chasing the pog up -- do you really think that they would stuff up the system not only Australia wide (politically and geologically stable address) - but world wide - news travels fast?

And they sure look like they have a great system for catching up with other central bank holdings cheaply.

But ---------- bugger that - off most of you go on the negative fear bit -- hedge, takeover, gobble up etc.

Face facts people - china is doing this smartly and they are going to keep doing it - and they want a good reputation - end of story.

They WANT people to come TO them with these sorts of deals.

And that WON'T HAPPEN if they poo in their nest.

my bet - the sky isn't going to fall in at all - in fact I think deals like this will make companies.

imo we either get with the program or get out - simple choice really.

have a great night all

Pinto