Quote from: JANGKRIK BOSS on December 02, 2016, 02:26:54 AM

Quote from: mixan on December 02, 2016, 12:42:15 AM

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.

No one country can control gold nor Bitcoin. Any country has their own gold reserve. This is the concept of currency. The money in your pocket or wallet has a equivalent in gold in the gold reserves of your country. Do you think they just came up with a value for your paper money? No, they didn't. Your currency has an equal weight (not the metric weight) in gold. This is similar in Bitcoin. Every country can farm Bitcoin and no one country can control it either.