Wednesday, January 30, 2013

China Launching Gold Backed Global Currency!




The People’s Bank of China:

China Launching Gold Backed Global Currency.

China is recasting all of their gold reserves into small one kilo bars in order to issue a new “gold-backed” currency. Many say this will disrupt global trade and will eventually cause a collapse of the US dollar.

3 comments:

  1. http://www.theaustralian.com.au/business/opinion/china-helps-fuel-golds-rise-as-soros-piles-in/story-fnciihm9-1226467118315

    They aren't launching it yet though. They are still in the preparation phase.

    ReplyDelete

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