29.05.2015 - The Fix Is In: Gold Price Manipulation is a Global Effort
Many people think about gold as a percentage of a country’s total reserves. They are surprised to learn that the United States has 70% of its reserves in gold. Meanwhile, China only has about 1% of its reserves in gold. People look at that and think it shows an imbalance. But the way I see it, those are not very meaningful figures. The figures are not meaningful because all countries’ reserves are a mixture of gold and hard currencies. The currencies can be in bonds or other assets. The US doesn’t need other currencies. We print dollars, so why would we hold euros and yen?......................................Full Article: Source
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