Commodity Trade Mantra

Posts Tagged ‘Gold Hoard’

China’s Gold Hoard Will Slay the Mighty Dollar — Here’s Why

China is soon going to want to disclose its gold holdings in an effort to have the yuan join the IMF’s currency basket – the SDR, currently having only the dollar, euro, yen & British pound. If China’s gold reserve is revealed this year and the size of the addition surprises to the upside, it is going to be a major shot across the bow of the U.S. dollar.

China’s Stealth Gold Reserves To Quadruple as IMF Seek Answers

Bloomberg speculates that PBOC may have increased its gold reserves 3 fold since 2009 to over 3,000 tonnes. China would therefore have the 3rd largest gold reserves in the world, second only to U.S. & Germany. China’s ambition to make the yuan a dominant, if not the dominant reserve currency is now beyond dispute.

The Truth about China’s Massive Gold Hoard

The Chinese think differently about gold. They view gold in the context of its role throughout history & dismiss the Western economist who arrogantly declares it an outdated relic. They buy gold in preparation for a new monetary order, not as a trade they hope earns them a profit. Don’t you worry about gold prices. China’s got your back.

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