This was indeed useful! I did not know about the Knol part. I guess this is a very vague topic and Google itself doesnt have an automated stand on it (as in case of Knol). So, its best to carry out the regular optimization techniques of offering unique and relevant content on regular basis as the main ploy to network online.
In the latest Google Webmaster Central YouTube Channel upload from Matt Cutts, he talks about whether or not Google places value on its own links with regards to Pagerank. Cutts took on the following user question:
Question: Does Google value its own links for PR/Linkjuice? Google Bookmarks, Google Profiles, etc. Reason - Google links never appear in Webmaster Tools.
Have you had similar questions about Google sites and PageRank? Comment.
Google has plenty of products that spawn links, so the question is certainly a legitimate one. You've got Google Bookmarks, Google Profiles, Google Knol, YouTube, Blogger, and many others. Matt doesn't go through each product and specify Google's practices for each one, but he gives a general explanation about Google's policies regarding links from Google-owned sites.
Cutts says he doesn't know about whether Google links never appear in Webmaster Tools, but in general, people hold Google to a very high standard. He gives the example that if Google delivers search results that aren't blocked by robots.txt, people find out about it and draw a lot of attention to it, whether that be by blogging or forums, or whatever.
"We try to be relatively careful," says Cutts.
With search results, Google tries to make sure they're properties aren't too spammable, and if they are worried that something might be potentially abused, they will often use a nofollow attribute.
Cutts says with Google Knol for example, most of the external links started out as nofollow, but then over time as they learned which Knol authors were more trustworthy, they lifted the nofollow on those Knol authors.

Google Knol has not received a whole lot of media attention since it was launched in late December 2007. It is a site where users can write articles on any number of topics that they feel they are experts on. An article is referred to as a knol, which Google defines as "a unit of knowledge."
"Sometimes we do flow pagerank, but we try to be relatively careful because we're mindful of the people who do try to abuse it," he says.
The video is below in case you'd rather hear it straight from Matt's mouth, but I think I've pretty much covered what he says in the above text. That said, it is only a minute and a half, so it won't take too long to watch.
Google has a lot of properties, and this might not answer everybody's questions on the subject, but I would bet that the trust factor mentioned with regards to Google Knol, could probably be applied to other products.
Did you find Matt's response to the question useful? Share your thoughts.
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Thanks For Information
Hi Chris Crum,
Thanks for sharring this info. i was also bit confuse now made so many doubts clear.