Tuesday, September 25, 2012

Technical Trading: China Voracious and Hungry For Gold, A Yuan-Backed Gold Standard?

This is not speculation--this is exactly what China is doing--accumulating gold in order to have the yuan backed by gold.  This will insure the yuan's soundness, and increase its viability as a currency for international settlements.

http://www.kitco.com/reports/KitcoNews_tech_trading_20120924.html

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