From 'The Gold Standard Now'
Written by Christopher K. Potter
''For three thousand years China has been at the forefront of monetary
innovation. It was the first to legalize gold money in the tenth
century BC and two millennia later it issued the world’s first paper
currency. Fast forward to 2012 and China is at it again, eclipsing
Australia as the largest producer of gold and increasing its monetary
gold reserves at an alarming rate. Five years ago China surpassed the
US in gold production and five years from now it will own more gold than
the US Federal government.''
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