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How much gold would China need in 'rebalancing' of world economy?

Section: Daily Dispatches

9:50a ET Saturday, September 25, 2010

Dear Friend of GATA and Gold:

In the second part of his most recent interview with King World News, market analyst Jim Rickards comments on, among other things, what it would take to "rebalance the world economy" -- the supposed objective of Western central bank officials -- if such rebalancing enabled China to hold gold in its currency reserves in a ratio to gross domestic product similar to the ratio used in the West. The interview is about 14 minutes long and you can listen to it at King World News here:

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2010/9/25_Jim_R...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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On May 18, 2010, Sona Resources Corp. (TSXV: SYS, Frankfurt: QS7) announced the release of a preliminary economic assessment for gold production at its flagship Blackdome and Elizabeth properties in British Columbia.

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