more $$$ from china for aussie gold than coal, page-4

Just a couple of points.

Yes, I fear govts will indeed decide gold is their next cash cow. I have sold any miners I have in countries that are not A1 stable. Phillipines... out. Indonesia... out, etc. As gold rises, the taxes will come.

re China. Can you imagine their glee at being able to trade their USD Billion by Billion for Tonne by Tonne of actual money. They are probably one of the forces trying to keep the price down whilst they buy.

I think China needs to play this game at least another 4 or 5 years. Their % gold in their monetary reserves is like tiny, tiny. They have some catching up to do.

As I have said, I think the central banks plan is this. Suppress, suppress and buy, buy. Then when the time is right... inflate, inflate. Then cover their debt a massively increased gold price on their massively increased gold holdings.

Doing this they will only hurt the middle and lower man. You know, how they say 'there is no inflation, that steak we substitued down to hamburger... well, just substitute that down to cat and dog food - it is edible.'

The end game will be very interesting.