Businessweek reports that China should consider adding to its gold reserves as a long-term strategy to pave the way for the yuan’s internationalization.
The Wall Street Journal reports that if gold continues to boom then the buyers can cash in.
By Kishori Krishnan – Exclusive to Gold Investing News With the price of oil falling more than 60 per cent from a peak in July, Iran has converted its financial reserves into gold to avoid future problems. Iran, the world’s fourth-largest oil producer, is facing declining revenue from its oil exports after crude prices tumbled. [...]
Friday, December 3, 2010