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11/05/10
23:46
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...and...meanwhile gold climbs to US$1,222 per oz.
Here is an interesting article, entitled "Gold Confiscation in Australia" - by, Bron Suchecki, from the Perth Mint.
Look out if the Super Resources Tax extends its tentacles into gold confiscation, similar to that project in the US by Rooseveldt [1930s].
Where to from here?
Will we see another top at this level, before the "take-down team" arrive and crush the gold pundits....again?
Will China keep us afloat?
This article by Clif Droke describes some interesting signals, raising the spectre of economic problems there too;
http://www.24hgold.com/english/news-gold-silver-will-china-s-bubble-implode-and-bring-the-u-s-down-with-it-.aspx?contributor=Clif+Droke&article=2873742118G10020
We have seen what an an asset bubble-burst looks like in the West - but - what would it look like in China?
What happens if 1 billion people stampede into physical gold and silver?
good luck to all holders
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