25
June
Chinese official urges buying of gold, U.S. land: report
25 June 2009 MarketWatch
A top Communist Party research chief said Thursday that China should buy gold and U.S. real estate rather than Treasurys, according to a Reuters report.
Li Lianzhong, who is head of economics at the party's policy research office, said the U.S. dollar is poised for a fall, making gold and land better investments for China's $1.95 trillion in foreign exchange reserves, the report said.
It quoted Li as saying Beijing should also focus on buying up energy and natural resources.
http://www.marketwatch.com/story/chinese-official-urges-buying-of-gold-us-land
