2/15/10 China Reveals It Is A Major Investor In Gold ETF

Precious Metals Market Analysis, By Michael Pennington (Copyright 2010 Pennco Coins)

This weekend, the Chinese big sovereign wealth fund, the China Investment Corp, revealed that it is a major investor in the SPDR Gold Trust (GLD). It would seem that this would allow the stealth accumulation of gold by way of redemption from the largest, claimed, non-governmental holding of bullion, without affecting market price. Once the ETF gets bled dry by the Wall Street bloodsuckers it appears the Chinese could fall victim to another Western Ponzi scheme. This definitely puts the world financial system in further jeopardy. It’s a shame the Chinese do not read this Report or they would know that this ETF is just more ‘paper’. Checkmate…

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