Commodity Trade Mantra

Posts Tagged ‘Trading Physical Gold’

While America Debates the $20 Bill, China Moves Closer to Gold

By trading physical gold in renminbi, China is slowly chipping away at the dominance of US dollars….The gold reserve on the China balance sheet has almost doubled since 2009. By holding gold, and moving away from a US-dollar centric system, we actually require less US dollars. Of course the true measure of China‚Äôs gold holdings is still a closely guarded secret.

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