China to Start Yuan Based Gold Price Fix in April

China to Start Yuan Based Gold Price Fix in April

Gold Silver Reports – China has been quietly accumulating a significant amount of gold bullion in recent years. They are now the top producer and top consumer of gold in the world. They are believed to keep all of their domestic production, plus import significant amounts from other nations. In addition, they have been buying up gold mines around the globe at steep discounts and bringing home gold they had stored in London, New York and Switzerland.

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