Tuesday, March 15, 2016

China's Gold Strategy

Gold has long been a stable commodity underlying the international monetary system. Even if we don't see it, those with lots of gold in their reserves have a solid backstop when fiat (paper) currencies rise and fall on their perceived worth (paper is really worth nothing; it isn't real money).

This article sees Gold expert Willem Middelkoop explains how much gold China really controls and what it intends to do with it.