Goldline's newsletter, American Advisor, provides timely
information about our economy, precious metals and rare coins. You can read select excerpts from
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By Philip Klapwijk
GFMS
China's announcement in late April that it had increased its gold reserves by 454 metric
tons since 2003 has been interpreted by some as a defining moment for gold. In this article
we review the Chinese authorities' recent activities in the gold market, analyze the current
state of the country's foreign reserves and answer the question:
Will the Chinese government
purchase more gold in future?
By Robert J. Fazio
Executive Vice President
As the 36th Director of the U.S. Mint, Jay managed the multibillion dollar manufacturing business
for the U.S. government. Under his supervision, the U.S. Mint produced a record 26 billion coins
in the fiscal year 2000-2001 along with a
record "profit" of $2.6
billion dollars.
To read more articles from a previous American Advisor newsletter, please
click here.
