China’s Yuan to be gold backed?
Posted by seumasach on July 26, 2013
China’s Yuan Set To Become Global Reserve Currency With Gold Backing?
Recent media reports in China and Russia suggest that China is continuing to consider backing the yuan with gold. Since 2005, we have said that such a move by China was likely as China seeks to become a superpower and lessen and undermine U.S political dominance. We have in the past discussed the possibility of the Chinese pegging their currency to gold bullion.
In These New Times 
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