Post
Topic
Board Economics
Re: China is stocking up on gold
by
JANGKRIK BOSS
on 02/12/2016, 02:26:54 UTC
That is very interesting because all markets went up today including gold's value all the sudden.
Could this be the reason that they see the falling Yuen and bitcoin prices and they are just sick of the volatility of both of them that they turn to a steady monetary system?
The China gold market is very large, so that whatever happens in China give affect the world, it's what makes the population of China taking a different types of financial investments. I am sure, bitcoin and gold also controlled by China.