China Approves Fund That Will Invest In Foreign Gold ETFs, Opening Avenue For Millions Of Mainland Investors

December 1st, 2010

Too bad this fund isn’t about taking delivery of physical metal from COMEX…

Via: ZeroHedge:

China has approved a fund that will invest in gold exchange-traded funds outside the country, opening the door to mainland China investors who face negative real interest rates on their bank deposits and want to hedge against inflation.

Posted in Economy | Top Of Page

One Response to “China Approves Fund That Will Invest In Foreign Gold ETFs, Opening Avenue For Millions Of Mainland Investors”

  1. ENERGYMAN says:
    December 1, 2010 at 6:05 am

    Read the latest report put out by Harvey Organ…
    http://harveyorgan.blogspot.com/

    From the open interest contracts of silver, and all the delivery that Harvey covers, it looks like the Banksters are about to take it up the you know what with a silver shaft.

    YES!

    And now I have a request. I hope I am not being out of line making a request like this. If anyone here has any good links or advice on how to evaluate the soundness and potential of “junior” mining companies, I would greatly appreciate it.

    I have a little physical silver, and a lot less gold than I need, but i really want to take a little cash that I make thru the Christmas season (I serve tables in a restaurant) and buy some mining stocks. Not asking for picks, just some advice on how to pick.

    My email is in my profile, and if you reply, thank you.

    But be sure to check out Harvey metals report.

    And thank you Kevin for helping me think past mere survival. Your stories, and especially your short but power-packed personal comments have motivated me to try to learn how the real world and money and economy works, and how to think long term and prosper.

    Now before I start breaking out in any Bette Midler songs, imma gonna get the bleep out.

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