RE: Today Is the 45th Anniversary of The Most Destructive Event In Modern Monetary History

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Today Is the 45th Anniversary of The Most Destructive Event In Modern Monetary History

in money •  8 years ago 

it is merely the masses that have been duped, the Chinese elite are not stupid and it would be unwise to think they will blindly follow when they are offered trinkets instead of gold

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8 years ago by

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      ·  8 years ago 

    You're right about that. The Chinese are anything but stupid. Having yuan be part of the SDR is not a small feat. They're not perfect, as their economy is in trouble as well. But they've been making some savvy moves, such as becoming the world's largest producer and importer of gold (to give the yuan greater juice). No gold leaves that country. Take a look at this:
    http://goldsilverintel.com/infographic-chinese-gold-market/

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