{"id":189669,"date":"2010-02-24T21:35:00","date_gmt":"2010-02-25T02:35:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/02\/24\/more-bad-news-for-the-gold-bugs\/"},"modified":"2010-02-24T21:35:00","modified_gmt":"2010-02-25T02:35:00","slug":"more-bad-news-for-the-gold-bugs","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/02\/24\/more-bad-news-for-the-gold-bugs\/","title":{"rendered":"More Bad News For the Gold Bugs"},"content":{"rendered":"<p>China is sending signals that <a href=\"http:\/\/www.chinadaily.com.cn\/cndy\/2010-02\/24\/content_9492814.htm\">they will not be buying gold that the IMF is selling<\/a>:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>Contrary to much speculation China may not buy the International Monetary Fund&#8217;s (IMF) remaining 191.3 tons of gold which is up for sale as it does not want to upset the market, a top industry official told China Daily yesterday.<\/p>\n<p>&#8220;It is not feasible for China to buy the IMF bullion, as any purchase or even intent to do so would trigger market speculation and volatility,&#8221; said the official from the China Gold Association, on condition of anonymity.<\/p><\/blockquote>\n<p>I still think that gold is not a place to be, because everyone is talking about how it is the place to be, which reminds me of dotcoms in 1999 and housing in 2006.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China is sending signals that they will not be buying gold that the IMF is selling: Contrary to much speculation China may not buy the International Monetary Fund&#8217;s (IMF) remaining 191.3 tons of gold which is up for sale as it does not want to upset the market, a top industry official told China Daily &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1170,1004,1017],"tags":[],"class_list":["post-189669","post","type-post","status-publish","format-standard","hentry","category-china","category-finance","category-international-finance"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189669"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=189669"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189669\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=189669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=189669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=189669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}