Is China Hoarding Gold?

Written by John O’Donnell, Online Trading Academy

Chart of the Week 28 March 2016

China has been selling its foreign currency reserves quite rapidly over the past two years. Part of this has been an attempt to maintain a lower value of their currency, the yuan renminbi, in order to support a higher level of exports. But it is also possible that they are increasing their gold reserves to establish a bulwark against future depreciation of the U.S. dollar and other fiat currencies.

China’s forex strategy is discussed in video after the Read more >> jump.

Source: YouTube