The American Empire in a Changing World


Wednesday, November 14, 2012

''China Says It Must Add To Gold Reserves To Promote Yuan Globalization And As An FX Hedge''

From ZeroHedge

''China needs to add to its gold reserves to ensure national economic and financial safety, promote yuan globalization and as a hedge against foreign- reserve risks, Gao Wei, an official from the Department of International Economic Affairs of Ministry of Foreign Affairs, writes in a commentary in the China Securities Journal today.''

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