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'Chinese Official: 'Gold Remains Only Safe Haven'' expats


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Chinese Official: 'Gold Remains Only Safe Haven'

-- expats
Forum Post
12/27/11 17:49
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Chinese Official: 'Gold Remains Only Safe Haven'

Thank author of this post/commentFollowing what is described as a " gold positive " move in which "Japan and China will promote direct trading of yen and yuan without using dollars," the director of the research bureau affiliated with China's central bank advised that "The Chinese government should not only be cautious of the imported risk caused by rising global inflation, but also further optimize its foreign-exchange portfolio and purchase gold assets when the gold price shows a favorable fluctuation," adding that "Gold. . .

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