But this is interesting. So I do hope I get to read some different thoughts?
Is China using, the soon to be worthless American dollar, to stockpile gold?
HONG KONG (MarketWatch) —
So if they dump the US dollar holdings, are they protected?
China’s gold imports are on track for a sharp increase this year, with data for the first 10 months showing bullion shipments up more than four times amid rising interest among investors seeking out a hedge against inflation.
Bullion imported into China in the January-to-October period totaled 209.7 metric tons, compared to 45 metric tons in all of 2009, according to reports Thursday citing figures announced by Shanghai Gold Exchange Chairman Shen Xiangrong.If current trends hold, China’s gold imports could rise nearly sixfold by the end of the year, according to calculations based on monthly averages