snowgeese

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   -one variant of snowgeese.  They migrate north early.

I, xi, 8.  The sail should be snow-white.  –Leaves of Morya’s Garden 1925

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http://news.yahoo.com/psychosis-five-times-more-likely-cannabis-users-study-005717669.html

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http://www.ibtimes.co.in/russia-conduct-joint-military-exercises-north-korea-cuba-response-international-isolation-622296

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2-17-15   In the last ten years Chinese buyers have accumulated over 10,000 tonnes of gold.

Total Estimated Chinese Gold Reserves 1995 - 2014

While Western banks are trying to scare customers away from buying gold, the Chinese have opened up over 100.000 retail outlets to promote gold and silver among the public. In my book I quote from an article by Sun Zhaoxue, the former president of both the China National Gold Corporation (CNG) and China Gold Association (CGA), first published by gold analyst Koos Jansen:

Individual investment demand is an important component of China’s gold reserve system; we should encourage individual investment demand for gold. Practice shows that gold possession by citizens is an effective supplement to national reserves and is very important to national financial security. Because gold possesses stable intrinsic value, it is both the cornerstone of countries’ currency and credit as well as a global strategic reserve. Without exception, world economic powers established and implement gold strategies at the national level.

Mr Sun outlines why substantial national gold reserves are so important for countries like China:

In the global financial crisis, countries in the world political and economic game, we once again clearly see that gold reserves have an important function for financial stability and are an ‘anchor’ for national economic security. Increasing gold reserves should become a central pillar in our country’s development strategy. International experience shows that a country requires 10% of foreign reserves in gold to ensure financial stability while achieving high economic growth concurrently. At the moment, the US, France, Italy and other countries’ gold accounts for 70%
 of forex reserves. After the international financial crisis erupted, (our) gold reserves were increased to 1054 tons
 but gold reserves account for less than 1.6% of financial reserves – a wide gap compared to developed countries.    http://news.goldseek.com/GoldSeek/1424206740.php

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