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Vanguard REIT ETF Message Board

  • jfdanyko jfdanyko Jun 25, 2009 11:42 AM Flag

    China makes for a grab!

    That would rock!

    LOS ANGELES (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.

 
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