Tags » Gold Reserves

The Mystery of China’s Gold Stash May Soon Be Solved

Reposted from: Bloomberg Business | by Jasmine Ng Joseph Deaux Eddie Van Der Walt

China’s push to challenge U.S. dominance in global trade and finance may involve gold — a lot of gold. 3,084 more words

Economy

UK TO USA "$18.1 trillion in official debt, you have $42 trillion IN unfunded liabilities" I'M OFF TO CHINA!

Et tu, Britain? United Kingdom to join China in the anti-dollar alliance

Full Article

In another awkward blow to the rapidly waning US-dollar hegemony, America and Britain just had their “It’s not you, it’s me” moment. 250 more words

NEWS

Top 10 Countries with Largest Gold Reserves

1. USA – The United States gold reserve percentage is 70 percent, with the physical stockpile reaching 8,133.5 tonnes.

2. GERMANY – The current German gold total is 3,390.6 tonnes, making up 66 percent of the country’s forex reserves. 156 more words

Energy

Has China Announced Plans For A ‘World Currency’?

Reposted from: Activist Post | by Michael Snyder

The Chinese do not plan to live in a world dominated by the U.S. dollar for much longer.  1,332 more words

Economy

Chart: The central bank that bought the most gold in 2014

Ok, so central banks may not be buying gold chains and jewellery by the truckload, but recent data shows that the yellow metal has lost none of its allure among those who are in charge of managing a country’s currency/foreign exchange reserves. 306 more words

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