GOLDLINE EXCLUSIVE: CHINA'S INCREASED GOLD RESERVES
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. Purchase an annual subscription for $99. A free copy of the current issue is available by calling Goldline directly at 800-827-4653.
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