Gold the safe place for your money
Tuesday, November 24, 2009
As the financial markets down due to recession gold is rocking the market by gaining its prices. Gold is becoming hot place to invest.
China reported 600 metric tons of gold reserves at the end of June, or 1% of its total cash reserves. At today's prices, that's about $16 billion worth, or about 20 million ounces, less than half a percent of the estimated total gold in existence.
China reported 600 metric tons of gold reserves at the end of June, or 1% of its total cash reserves. At today's prices, that's about $16 billion worth, or about 20 million ounces, less than half a percent of the estimated total gold in existence.
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