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World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 1391964:MV8yMTIwMTQxXzM1NzYyMjk1X0U3MDRFQzE2] [quote:Anonymous Coward 29001636:MV8yMTIwMTQxXzM1NzYyMjI3X0VBRkU1NEYx] [quote:No Dhimmi:MV8yMTIwMTQxXzQ3MDgyRTBC] . . .I want to make KWN readers aware of is the [b]report which was commissioned by the World Gold Council[/b]. This is an incredible document, especially coming from the World Gold Council because it's basically saying that the Chinese are going to back their currency with gold. [b]This would, in turn, displace the US dollar and make the Chinese yuan the world's reserve currency.[/b] http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/23_Massive_Squeeze_Coming_As_WGC_Confirms_Gold-Backed_Yuan.html The Chinese are laughing at this. I’ve mentioned before that China plans to use gold as part of their (future) reserve currency. I’ve heard this directly from a Chinese diplomat. Every action China does supports this (reality). Last year they imported at least 1,000 tons of gold. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/23_China_May_Now_Have_Worlds_2nd_Largest_Gold_Reserves.html http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/12/19_Diplomat_Admits_China_Is_Accumulating_Gold_To_Back_The_Yuan.html [/quote] [b]well there is the end of the dollar and the us economy. thank you us govt another job well done.[/b] [/quote] Sadly this^^^^ [/quote]
Original Message
. . .I want to make KWN readers aware of is the
report which was commissioned by the World Gold Council
. This is an incredible document, especially coming from the World Gold Council because it's basically saying that the Chinese are going to back their currency with gold.
This would, in turn, displace the US dollar and make the Chinese yuan the world's reserve currency.
[
link to kingworldnews.com
]
The Chinese are laughing at this. I’ve mentioned before that China plans to use gold as part of their (future) reserve currency. I’ve heard this directly from a Chinese diplomat. Every action China does supports this (reality). Last year they imported at least 1,000 tons of gold.
[
link to kingworldnews.com
]
[
link to kingworldnews.com
]
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