Tag Archives: china gold

Alan Greenspan Explains Why China is Hoarding Gold

In a piece published today by the Council on Foreign Relations, former Fed chair Alan Greenspan examined the recent dramatic rise in gold imports by China.  He theorized that the country was likely in the process of converting its foreign … Continue reading

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Is the Dollar Doomed? U.K. Issues First Yuan-Denominated Bond for Currency Reserves

On Friday, the U.K. government announced plans to issue the world’s first non-Chinese sovereign bond denominated in the renminbi.  The landmark move leads the way in establishing the Chinese yuan, or renminbi, as an international reserve currency and could be … Continue reading

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Shanghai Gold Exchange to Debut International Board Sept 29th

On September 29th, the Shanghai Gold Exchange plans to launch its international board, in the new free-trade zone of the city. The highly-anticipated move is seen as an effort to inject foreign capital into China’s gold market and should amplify … Continue reading

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