Official Chinese paper calls for more gold reserves
Increased Gold reserves is a desirable hedge in times of economic uncertainties, even more so for the Yuan to become an international currency. Topping off the foreign exchange reserves ensures a safe and sound overall portfolio. This in an official Chinese newspaper, the People's Daily. Freakin' Wow!!!
This kind of editorial missive might not be considered important in a European or American newspaper but in one of China's jealously controlled official media outlets, it would take on a much more serious tone. Heck, the top tier of China's elite have to be OK with the concept of hording gold like a dog with a pile of bones.
Let's see:
NYSE Runs Out of Gold Bars: What Happens Next?
“Gold Finger - A New Take On Operation Grand Slam With A Tungsten Twist”More Evidence Gold is Being Hoarded as Comex Fulfills Gold Contracts With Paper
Out of Gold? Pretty Amazing…
Barrick shuts hedge book as world gold supply runs out
Mint runs out of gold coins - sales halted
Gold Krugerrands Run OutU.S. Mint Runs Out of Gold Coins
We’re running out of gold: miners
Helloooooooo. . .
Hellooooooooooo. . .
Helloooooooooooooo. . .
Am I detecting a trend here. . . . I think I am. . . .
