Ninjastic
Home
Search
Users
Boards
Addresses
Ctrl + K
Toggle theme
Open menu
Post
Edited versions
Quotes to this post
Post
12961728
Topic
1247582
Board
Speculation
Re: China discovers undersea gold reserves estimated at $16.4bn
by
smiles
on
13/11/2015, 05:00:37 UTC
Quote from: dasein on November 12, 2015, 10:39:47 PM
Quote from: smiles on November 12, 2015, 10:25:22 PM
Even if they dug it all up tomorrow it still wouldn't affect the price, China doesn't sell gold.
"China dumped a huge amount of gold on the market and investors are spooked." - July 20, 2015:
http://www.businessinsider.com/gold-price-flash-crash-caused-by-five-tonnes-of-chinese-bullion-2015-7
Alright, but 5 tonnes is hardly a dump. It's what they found in the couch.