Gold Investment: Is China leading the way towards a gold standard?

Gold Investment - 3 October 2011

Very few investors in the so called “Western world” or “the West” might be aware of it, but China is taking the bull by the horns and increasing its gold reserves (and silver reserves!) while actively encouraging their citizens to do the same.

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Invest in precious metals today! Contact us for details.

In addition to the above, while it has previously been revealed that most of China's gold have been stored in Europe and the United States, the communist country now rallies to accumulate as much gold (and silver!) as possible within the geographical borders of China. China is not happy about the fact that most of the gold in the world is allegedly stored in Europe and America. Allegedly, because a HUGE question mark hangs above the real gold reserves kept in the vaults of more than one national or central bank in the West.

Invest in precious metals today! Contact us for details.

Invest in precious metals today! Contact us for details.

China is accumulating gold (and silver!), not only in the hope that other countries will follow suit, but to effectively hedge themselves against the coming collapse of the U.S. Dollar and other fiat currencies. The Chinese Government is after all not stupid, they know that the days of the once mighty U.S. Dollar and other fiat currencies are numbered. In fact, it won’t surprise us if China is planning to establish a currency backed by gold and silver as the new world reserve currency. They might sooner or later launch a new currency or announce that the Chinese Renminbi (RMB), unlike the U.S. Dollar, is now redeemable in gold and silver (or backed by gold and silver) and free floating.

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