Petaquilla Minerals Ltd PTQMF

RE: Fed Reserve & Chinese Buying Gold

[Chileanmafia1]

I think the most important factor to look at is the level of debt in the US - it appears that their plan to solve the crisis is to inflate their way out the problem - the Fed did nothing to prop up the dollar and chances are this attitude will continue with the Fed Reserve for at least the foreseeable future.
If this continues gold should remain strong for the next few years.  It is also equally important to note that China is increasing its reserves - they have about 1200 tons and there is a strong trend in China that they are adding to that position.  This is also a hedge for them as the hold a lot of US currency and are one of the largest holders of US debt.
What does that mean for us - this is good news in the short and long term as production of PTQ will continue to increase - cost of production will continue to decline and profits will increase - this is what has guided my decision in purchasing shares of PTQ