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China's Gold Holdings Report Boosts Metal's Price

Not quite sure what is more disheartening and short-sighted: mainstream medias' news flash with little/no substance of the Congressional approval of the three trillion, four hundred forty billion dollar ($4,440,000,000,000) US budget for the fiscal year beginning October 01, 2009.
. . . . or mainstream medias' total disregard in presenting China's current fiscal/monetary strength through their strategy of buying or investing/partnering with asset-based businesses globally AND recently announcing their ever-increasing position of an historical, real value asset of gold.