Gold Investing News » China’s Long Term Gold Reserve Increase Strategy Surprises

China's Long Term Gold Reserve Increase Strategy Surprises

April 28, 2009 @ 12:32 am In Gold Market News

The State Administration of Foreign Exchange announced that China's gold reserves now equal 1054 tons, grabbing the market's attention and showing that China is beginning to raise its gold reserve as its long-term strategy, not only as an important tool to hedge USD risk, but also to bolster RMB's globalization with its increased gold reserve.

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[1] here: http://www.chinastakes.com/Article.aspx?id=1169