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China to Buy Gold, Unload US Dollars?

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Will he or won't he? Only Hu Jintao's hairdresser knows...or something like that.

Speaking at the second plenary meeting of the Fourth Session of the 11th National Committee of the Chinese People's Political Consultative Conference, Li Yining, a leading Chinese economist and a member of the CPPCC, said:
"The portfolio of China's foreign exchanges should be adjusted based on changing conditions. China should moderately increase the size of gold in its foreign exchange reserves."
According to the People's Daily, Li "also advised to use the foreign currencies to buy land, mines, forests and even blue chip stocks overseas, a move which he said could bring more returns than the holding of foreign bonds."

The report says Li suggested the money could further "be loaned to domestic enterprises to invest abroad, and buy advanced equipment and badly-needed raw materials and fuels."

What does this mean for gold? What does this mean for Treasuries? Better yet, what does this mean for lands, mines, forests, blue-chip stocks, raw materials, advanced equipment, and fuel?

Just askin'...
POSITION:  No positions in stocks mentioned.