Why Gold Is Central to China's Future Global Trade-Settlement Policy

mises.org  ( Original )
MAY 4, 2017

ORIGINAL SOURCE: China's Plan to Subvert the Global Dollar Standard by Alasdair Macleod of mises.org on 4/30/2017 


China the largest global gold producer has been hoarding gold for a very long time, at some point will back its currency with it. It is also very close to dominating the markets with the largest physical gold exchange in the world. It’s a step toward to “China controlling the gold price.”

But China does not at this point in time want to shake up the markets by revaluing it just yet. It will do so in its own time of choosing.

This is a must read! China's Plan to Subvert the Global Dollar Standard