Статьи, помеченные тэгом ‘World Gold Council’

China can crash gold prices and support yuan

Sunday, June 20th, 2010

Gold prices will depend on China. Total gold reserves in China grew by 454 tons and at the end of 2009 amounted to 1,054 tons. According to this index, China ranks fifth in the world ranking. The significance of gold as the currency has declined substantially, although it is not completely removed from the monetary system of the country (the volume of China’s foreign exchange reserves exceeding 2 trillion U.S. dollars, the proportion of gold in them is less than 2%), according to a report on foreign exchange operations of the State foreign exchange control of China.