solve_et_coagula
05-06-2007, 10:44 AM
China Diversifying into Equities and into Gold
June 01, 2007
by Julian D. W. Phillips
Last year the Chinese government decided to change its policy on the composition of its reserves to reflect the composition of its trading partners. This was an effort to hold currencies sufficient to cover 'rainy days' with these partners. But as reserves are at levels way above those needed for a 'rainy day', the Chinese government finds itself holding well over a $ trillion more than it needs and this amount is rising by $250 billion a year and sure to rise.
Continue to read:
http://www.safehaven.com/article-7679.htm
June 01, 2007
by Julian D. W. Phillips
Last year the Chinese government decided to change its policy on the composition of its reserves to reflect the composition of its trading partners. This was an effort to hold currencies sufficient to cover 'rainy days' with these partners. But as reserves are at levels way above those needed for a 'rainy day', the Chinese government finds itself holding well over a $ trillion more than it needs and this amount is rising by $250 billion a year and sure to rise.
Continue to read:
http://www.safehaven.com/article-7679.htm