Commodity Trade Mantra

Posts Tagged ‘Gold Hoarding’

Why Is China Hoarding Gold? Alan Greenspan Explains

A return to the gold standard in any form is nowhere on anybody’s horizon. It has few supporters in today’s virtually universal embrace of fiat currencies & floating exchange rates. Yet gold has special properties that no other currency can claim. For more than two millennia, gold has had virtually unquestioned acceptance as payment.

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