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RankCountryTonnesPercent of total reserves1US8,133.573.8%2Germany3,401.069.8%3IMF2,814.0n/a4Italy2,451.868.0%5France2,435.464.8%6China1.054.11.6%7Switzerland1.040.117.4%
There seems to be a lot of room to grow. Recently, opinions of Chinese economists and advisers started emerging, suggesting that the country’s central bank should increase its gold reserves as a hedge against the falling values of other currencies. In the annual report by the People’s Bank of China, their own analysts expressed an interest in expanding the country’s gold reserves. In brief, there seems to be a growing weight of opinion among Chinese decision-makers to add to the country’s official gold holdings. This process is already taking place – but as an unstated current in the gold market, so as not to impact prices significantly. There is a precedent for this, if you recall: In April 2009, Chinese officials announced increased reserves, but the purchases had been done in the preceding years in what we would characterize as “stealth mode.”
http://www.caseyresearch.com/articles/technically-precious-merv-85
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