and we'll have a complete BRIC.
I'm surprised this didn't make a bigger splash on the message boards and gold comentators. It seems pretty important.
The story (which has been out for a day or two) is available here and many other places.
It
means that, in the biggest economic downturn ever since the world
changed (WWII), three of the four biggest, fastest growing
economies (Russia, India and China) all still have excess cash and are
using it to buy gold.
I think that says a lot.
The
extra cash means that economic leadership is definitely shifting and
that these three are outside of the claws of the banksters. The buying
gold when times are tight probably means accelerated gold buying should times
get flush and a multi-buyer price support under gold.
Seems pretty important to gold investors.
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