Chinese Central Banker Declares That 'Gold Is The Only Safe Haven Left'

http://articles.businessinsider.com/2011-12-27/markets/30560564_1_gold-price-assets-reserves

People's Bank of China official Zhang Jianhua declared yesterday: "No asset is safe now. The only choice to hedge risks is to hold hard currency - gold."

Zhang, the bank's research director, recommended buying the dips: "The Chinese government should not only be cautious of the imported risk caused by rising global inflation, but also further optimize its foreign-exchange portfolio and purchase gold assets when the gold price shows a favorable fluctuation."