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CBGA member and China said to be buying gold

Submitted by cpowell on Thu, 2008-11-27 12:06 Section: Daily Dispatches

12:05p ET Thursday, November 27, 2008

Dear Friend of GATA and Gold:

MineWeb's Dorothy Kosich today reports that a study by the Wellington West Capital Markets investment banking house in Toronto concludes that a participant in the Central Bank Gold Agreement has begun buying gold, that China has started to build a gold reserve, and that investment demand for physical gold increased by 179 percent in the third quarter this year. Kosich's report is headlined "'Structural Deficit' in Gold Supply Could Send Prices Higher" and you can find it at MineWeb here:

http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=73950&sn=Detail [1]

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

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Source URL: http://gata.org/node/6934

Links
[1] http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=73950&sn=Detail
[2] http://www.gata.org/