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