I don’t think for a minute that the US is letting China buy gold. The US is in a rock and a hard place. If they don’t keep gold low, the dollar looses all its value. The last thing the US wants is to have China in the SDR basket and have the SDR replace the dollar in world trade., which is coming 1/1/2016. Congress even refused to vote on the IMF…[Read more]
In reply to - The Doc wrote a new post, China Nears Global Reserve Status: “There Will Be a Reset of the Financial Industry” The world is anticipating a new global reality with huge implications: China’s yuan is poised to get r […]↧