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    Chris Oliver
    MarketWatch
    November 30, 2009

    • A d v e r t i s e m e n t
    • efoods
    China should use the shockwaves created by the Dubai crisis as an opportunity to buy gold and oil, a senior Chinese official who helps oversee some of the nation’s biggest enterprises was quoted as saying Monday.

    Ji Xiaonan, chairman of the supervisory board for large firms at State-Owned Assets Supervision and Administration Commission (SASAC), said the purchases could be funded by China’s foreign exchange reserves, although it wasn’t clear how much prices for these commodities would be affected by the crisis.

    “Though it’s not known how much the Dubai crisis will affect the global and domestic economy, it’s going to at least last for a while, and this may give China an investment opportunity, to use part of its foreign reserves to buy gold and oil reserves,” Ji was cited as saying in a Dow Jones newswire report, which cited comments in the mainland’s state-controlled The Economic Information Daily.

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    Comment Rules

    44 Responses to “Beijing official urges gold, crude-oil purchases”

    1. SPIRITBLADE Says:

      Anyone with room-temperature I.Q., has been saying the same thing, (barring redundant distractions).

      At the risk of sounding 1-dimensional;

      [THERE WILL BE -0- 'ECONOMIC RECOVERY', UNTIL YAHSHUA RETURNS]

      [BANK ON IT]

      Fake Jesus Reply:

      Do you idiot christians ever wonder why you don’t hear, feel, see, smell yahshua(Jesus)?
      It’s all BS!
      The bible is a man made book. That’s why we have up to 30k denominations.
      Goto www. whyWontGodHealAmputees.com for more real truth.

      dee Reply:

      are you rely this dumb where did the world start how did this all come about Darwinism or the big bang theory or a little of both the good part about God is that he loves even an idiot like you and for you on good let hope thats He is merciful enough to look past you and not decide to humble you or some one you love!

      zeebob Reply:

      The truth is nobody “knows” how this universe began. It’s either faith or scientific theory that explains our existence to ones who just have to have an answer. I can assure you we as humans are not here because of some deity making a mudpie man and giving him mouth to mouth.

      Fake Jesus Reply:

      Finally, somebody on this forum making sense and speaking truth.
      Thank You ZeeBob! Like a breath of freash air after the storm.

      I always get crap from both sides, atheist and Christians. They both lie like dogs with no emperical evidence.

      Truth Seeker Reply:

      You people get dumber and dumber every time I read your post. For your disrespect of the almighty you will surly perish. I you want to believe that you you came from an ape or was created by some rock, it would explain a lot of how you Jesus haters think. My creater is a living, intelegent God who grated me free will. Science is not seperate from God it here because of God and his wonderful creation. If you say there is no God and all you can come up with is a big rock and a monkey, who appears to be the fool here?

      gonewithewind Reply:

      Darwinists are just a fraction of the scientific community. The die-hard Darwinists will not accept new evidnce that has been found over the years at archeological sites around the World.

      When any new evidence is unearthed by archeologists, geologists or other scientific fields that do not promote those of the Darwninist subgroup, the evidence is scoffed at, suppressed by the powers that be, character assassination begins, lies are told, jobs are threatened and even lawsuits are threatened.

      We usually hear of such things talking place in other areas but it does, and has, taken place in the scientific world. The Darwnists in the higher, more powerful positions that put out their magazines, movies or hold position at universtities resort to these tactics. Many many times they will not even consider new evidence that is being found all the time because it does not go along with the Darwinst’s theories. There’s alot of these tactics that goes on all the time in the scientific world.

      Truth Seeker Reply:

      All of this sicientific foolishness is not even important, like the bible states, the things of men are but foolishness to God, as believers we should not even entertain them. The point is whether it is a monkey or a rock you must ask yourself that even if these things are true, either the monkey or the rock was placed here by God or they are God, which would you choose to believe because there has to be a begining !

      RedArmyArsonist Reply:

      I know how the universe was created, it was spoken to me through my soul. ‘God’ sat in silence contemplating creation for what was deemed, ‘Before time” and simply spoke ‘Ohm’. ‘Ohm’ incorporates both the opening (Beginning) and closing of the mouth (End) to form the noise, signifying that God is the Alpha and Omega. God’s booming voice was the most powerful sound ever created, having the force of billions of stars going super nova, causing the big bang and creating basic matter from nothingness, the first day of creation followed by five more days of creation, each slightly shorter than a billion years, a single ‘day’ for God. The reason why God doesn’t directly interact with humans or Earth for that matter is that God is still resting, and will be for a long time to come, which is why God ’speaks’ to mortals that are willing to listen; God is simply taking a break from having created the material world. Plus God stated that you must believe in him using your own free will and God will not show you any direct signs or miracles to prove God’s existence, the parable of Doubting Tom proves that one must have faith and not be blindly led by example or physical proof. The beautiful thing about God is that God is mysterious, and no one will ever truly know God, even in death. Once you realize you can’t know EVERYTHING, science begins to become trivial, a matter of inches and nuclear mass, endlessly calculating and scrutinizing the wonder that is creation. One example to refute Darwinian theorems is quantum mechanics and quantum physics, which are the sciences of the ‘What if’ and literally shake the foundations of science apart. The material world is all based on perception, state of mind and faith. If you believe you are made of fire, with all your heart, and that you will return to the sun from whence you came, quantum physics allows for the spontaneous change of energies between states of liquid, solid and gas; and all matter is solidified energy.

      577 Reply:

      Sorry guys but respect the fact, There is no god.
      Fairy Tales are not true either.
      Prove your god…….lol you can’t can you ?
      All these years you in the god squad have been spouting this s--- and still you can prove nothing.
      Do us a favour and just talk about reality please.
      Yes I am a non believer and guess what, When the times comes I will be dead the same as you will be.

      restless native Reply:

      I would if I could get the censor to take a break

      restless native Reply:

      can not get truth past the censor, freeking quisling

      restless native Reply:

      you will let folks know youre censoring but you will not allow TRUTH to get past you,you allow filth( al gore sucks) but deny allowing one to respond.Then you complain about the government censoring.I think this is called hypocrisy.

      joel Reply:

      they’ve lied to themselves/eachother so much they dont even know the truth anymore.

      websuspect Reply:

      Do you ever wonder why you cant build a computer? Balance your checkbook? Own your own home at age 25 making $10 an hours while working at A&P for $10 to pay for college and get a degree.

      Ever wonder how someone who had 2 cancer surgeries can find out where Bilderberg is, Drive there in a car the day after getting stichs cut out and protest in 100 degree and relative humidity without taking the Oxy COntin Pills he was given…

      And still bere here a year later to talk about it.

      Maybe its because Jesus er Yeshua is real?

      Bareck, Heshem Yeshua Meshiah.

      Blessed be the name of JEsus the Messiah.

      When you can speak 4 or 5 languages and do all these things here come back here and talk to me asshole.

      Death to the new World Order.

      CorruptionRadio Reply:

      This is what’s going to happen: India, China, and Saudi Arabia are stocking up on Gold; the IMF has more gold than all the central banks put together. They are going to present the Global Reserve currency as being quasi-based on gold since people are losing confidence in paper money. THEN they will slip in the derivatives along with the gold to back the currency and of course the gold and paper to back the money will just be a rouse the money will not have a 1:1 relationship.

      http://corruptionradio.com/200.....perialism/

      Jordan

      Gerry Reply:

      So I guess that means no recovery, ever.

      Cuda Reply:

      Look you zion fool, nobody ever beat the grave, and no the moon isn’t made out of cheese either. Save ur mythology gibberish for the kindergarten class, ur boy yeshua is pushing up daisys, with all the other dead people.

    2. china Says:

      sounds like a sound policy; china could legitimize a new currency by backing it with gold and make it the global trade standard. fiat currencies may be so exploited that soverign nations wont use them as much.

      in the woods Reply:

      People that buy an sale do not care what currency is ,they only need honest information about another person are company,there really worth. People can have all the gold but they maybe bad and lie and cheat when making a deal. Information is currency welcome to the new global currency. Gold was just a way to transfer information, bank notes worked if you could trust the information the bank gave you. Information is king and the Kingdom is the world gold is just a metal what ever its worth. If gold is ever use to back currency I would have more use for lead BANG BANG

    3. china Says:

      china should form agreements with russia, south america, and the middle east to form a gold backed currency, and isolate the US.

      lol Reply:

      they already do so, iran russia china together with turkeyare now big alliance

    4. gonewithewind Says:

      http://www.uruknet.info/index......=1&l=e

      gonewithewind Reply:

      Sorry, here is the link I thought I had. Its about the UAE & Iran.

      http://www.uruknet.info/index......=1&l=e

    5. Paul Says:

      How long and How many bad reports before
      we learn the lesson – We need to form opposable non violent
      coalitions Using Obama’s own words that can
      move policies for real… http://www.bailoutmainstreetnow.com this will take some hard work
      but people have to start by adding positive contributions
      so that we can effect real change.

    6. Danny Cunnington Says:

      You may have noticed that the MSM are going on and on about this and you probably know that they are bought and paid for propaganda outlets. The Dubai thing is not that bigger deal. It’s not the state which has a SWF ten times bigger than the entire problem that’s in trouble. It’s the Dubai ports who developed the super ambitious “Palm tree island” developments at the height of the high oil price and the Japanese Yen carry trade.

      Sure they might default but it’s a property development thing. When the MSM shout, “Look over there” it means that someone is doing a tiptoe somewhere else. It’s western nations that are swimming in red ink.

      in the woods Reply:

      Dubai its a worthless place.

    7. YT Says:

      HERE: Stream and Download ALL the best interviews and rants from the Alex Jones Show Archives:

      http://alex-jones-archives.politicsfiles.info/

      TODAY:
      - Lord Christopher Monckton Talks About Climategate
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      - Darrel Rundus {In-Studio}:Entangled in A System of Tyranny!
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      Backup your favorite episodes, don’t miss any!

    8. Joe Says:

      Watch Fall Of The Republic in full version and educate yourself online at: http://www.joemarquis.com/videos.htm

      I took the time to build an area within my own business website where you can educate yourself by watching in Highest Quality full versions of Alex Jone’s and other’s DVD’s. A great place to start if your new or old and want to learn about the New World Order.

    9. CP Says:

      What does bejing know that we dont..They see the writing on the wall unfortunately our government does not.
      http://blogging4bullion.blogspot.com

    10. alphazita Says:

      Nano-sized covalant silver hydrosols for those Europeans left out. See Bionaid at http://www.bionaid.eu, tri-oxysilver solution, covalant bond, superior to colloidal silver products. Also available Zeoheal, advanced zeolite de-tox formula.Thx :-)

    11. steve Says:

      Hey, where’s the guy that says white people are the devil???? I haven’t been called satan or a racist today and frankly I’m feeling left out.

      Bobbipin Reply:

      You racist white satan!

    12. Mongrel Cave Dog Says:

      steve you damn satanist

    13. darkstar Says:

      Steve, you whitey’s rob and steal from all of us

      Bobbipin Reply:

      What next? Paying for oil with cigarettes, pantyhose and chocolate bars?

    14. August Says:

      if Gold is SOOOOOOOOO important to own, why are the Gold Brokers getting rid of it for the “WORTHLESS PAPER DOLLARS”? They ain’t taking bags of wheat for it!

    15. Andreas Says:

      PLEASE see this NWO documentary, completely new numerology findings regarding 9/11: http://www.youpi.me

    16. websuspect Says:

      Barek Heshem Yeshua Meshiah.

      Blessed be the name of Jesus the messiah.

    17. daveb Says:

      Well, let’s see Rothschild said they would only devalue the dollar another 20% or so this year when gold was around 1,000$ and ounce. Now, it’s around 1,200$. This guy doesn’t even have to lie or hide what he’s up to. It’s just right in your face for anybody with ears to hear and eyes to see. He’s so far above having to fear us little mice. There’s absolutely no chance we’re ever going to bell that cat. Simply amazing.

      Oh well, render unto Caesar…

    18. joel Says:

      since time memorable people have always seem to want a peice of me[for better or worst].their eyes blaze wide on me.i can feel their thoughts for me[to consume/lust]i can feel their gaze drawing the ‘light’ from around me.i cant help it,i was made the way i was.i’ve had to learn some subtle self defense,so as not to be made out to be the serpent instead of the sparrow.some people i allow to ‘run into me’[psy warfare/reversal of fortune]and they become so infused,they cant handle it ,and they want more or they freak the f!*! out.but i’m use to society making me out to be the bad guy.i dont make them the villain,its the work of their own hands,thats what frustrates them.i’ll walk away from trouble,but i wont run from it.i’ve lost all patience with people,thats why i’ve been alone for so long.but people who’s ever actuallyknown me loves me to tears.but i’ve made a promise not to leave them.everyone is not my enemy,even if i have to persuade them against their own pre-judge-ment.i’ve learned the hard way not to allow anyone to define me,my sanity and ultimatly the worlds is counting on that.

    19. joel Says:

      theres different types of spirituality.material spiritualism and spiritual materialism.the first one is material substance is their ‘god’.the other is spirituality as a material object to covent.both are a lie and fraud,and leads to death[hell].

    20. muscle relaxer Says:

      You need think about it. Despite the emails, the overwhelming evidence showing global warming is happening hasn’t changed.
      “The e-mails do nothing to undermine the very strong scientific consensus . . . that tells us the Earth is warming, that warming is largely a result of human activity,” Jane Lubchenco, who heads the National Oceanic and Atmospheric Administration, told a House committee. She said that the e-mails don’t cover data from NOAA and NASA, whose independent climate records show dramatic warming.

    21. Kerry H. Sharpe Says:

      I have got problems with viewing your blog correctlly in the latest release of Opera. It is fine in Explorer 7 and Firefox however.Have a lovely day.