LGL lynch group holdings limited
Add to My Watchlist 1.91% ! $1.87

China may add 4,000 tons of gold, paper saysSubmitted by cpowell...

  1. angers
    3,559 Posts.
    clock Created with Sketch.
    19/11/08
    20:25
    Post #: 4515912
    China may add 4,000 tons of gold, paper says
    Submitted by cpowell on Wed, 2008-11-19 04:34. Section: Daily Dispatches
    China Mulls Raising Gold Reserve By 4,000 Tons: Report

    From Dow Jones Newswires
    via FXStreet.com
    Wednesday, November 19, 2008

    http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=82afe43d-8d...

    BEIJING -- China's central bank is considering raising its gold reserve by 4,000 metric tons from 600 tons to diversify risks brought by the country's huge foreign exchange reserves, the Guangzhou Daily reported, citing unnamed industry people in Hong Kong.

    The newspaper didn't elaborate on the plan.

    China's forex reserves, at $1.9056 trillion at the end of September, are the world's largest. U.S. dollar-denominated assets, including U.S. treasury bonds and mortgage agency bonds, account for a big proportion of the forex reserves.

    http://www.gata.org/node/6892
    LGL Price at posting: $1.69 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Veteran executive to help turn Trigg into leading US-based antimony producer
right-arrow Created with Sketch.
NEWS Friday's HotCopper trends: Renascor concentrate, Larvotto raise
right-arrow Created with Sketch.
NEWS Harness the power of Australia’s leading investor community
right-arrow Created with Sketch.
NEWS 'Strong succession': WiseTech brings in old face to build new, post-White future
right-arrow Created with Sketch.
NEWS LISTEN NOW: HotCopperWire, our market watch podcast!
right-arrow Created with Sketch.
AII Analyst Buy Rating: Leading the Charge in Securing the Tungsten Supply Chain
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist
(20min delay)
Last
$1.87 		Change
0.035(1.91%) 		Mkt cap ! $228.2M
Open High Low Value Volume
$1.87 $1.87 $1.87 $2 1

Buyers (Bids)

No. Vol. Price($)
1 5714 $1.75
 

Sellers (Offers)

Price($) Vol. No.
$1.88 8800 2
View Market Depth
Last trade - 10.17am 31/07/2025 (20 minute delay) ?
LGL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.