Precious Metals Analyst and GFMS Chairman Philip Klapwijk Authors Exclusive
Article Regarding China's Increase in Gold Reserves for Goldline International
Newsletter
July 21, 2009
Los Angeles, CA - Goldline International has published the newest edition of its newsletter,
American Advisor, featuring an
exclusive article from one of the leading gold analysts, Philip Klapwijk. Mr. Klapwijk is the
Chairman of GFMS, the world's foremost precious metals consultancy, specializing in research into
the global gold, silver, platinum and palladium markets. With more than 20 years experience
analyzing the gold and silver markets, Mr. Klapwijk offers a critical perspective to important
events affecting gold and other precious metals.
In his exclusive article for Goldline, Mr. Klapwijk discusses the significance of China's
increase in its gold reserves and its potential positive effect on future gold prices. "China's
announcement of official bullion purchases can be seen as a defining moment for the gold
market," wrote Mr. Klapwijk in the American Advisor newsletter. "For gold prices
the implications of this must be positive... Even if Chinese purchases, as seems very likely,
turn out to be small in the context of the Asian giant's overall foreign reserves, for the
bullion market the quantities involved could turn out to be rather significant... A shift from
nets sales on this scale to something close to ‘neutrality' would be highly positive for gold prices, at the very least providing the market
with a very solid floor and giving a major boost to sentiment and confidence in the yellow
metal."
"I think many investors will find Philip's analysis of China's diversification into gold and
away from the dollar to be extremely significant, especially in light of the recent fall in the
U.S. dollar and the generally positive signs in the gold market," said Mark Albarian,
President & CEO of Goldline. "We're extremely honored to feature Philip's article in our
newsletter and look forward to the other articles that Philip will write in future
issues."
Goldline's newsletter, American Advisor, is published quarterly. An annual subscription can be
purchased for $99. A free copy of the current issue is available by calling Goldline directly
at 800-827-4653.
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$400,000,000.
To request an interview with Mark Albarian regarding precious metals, rare coins, or gold
investments, please contact Goldline at 1-310-587-1416.
Return to the Goldline Press Center.
