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Chinese set to back the Yuan with gold... new world reserve currency?
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<p>[QUOTE="medoraman, post: 1621981, member: 26302"]The "study" was done by the World Gold Council. From Wiki:</p><p><br /></p><p>The World Gold Council is a non-profit association of the world's leading gold mining companies, established in 1987 to promote the use of gold. It aims to stimulate demand for gold from industry, consumers, and investors. </p><p><br /></p><p>No, there would absolutely be no conflict of interest there.......</p><p><br /></p><p>KWN is simply a blog who loves to make inflammatory rhetoric repeatedly about how PM will "explode". One of these days they may be right, and they will point to their correct "prediction" for decades, ignoring the fact they made the same "prediction" 1000 times when it was wrong. </p><p><br /></p><p>SOP for many PM bull sites. Same has been happening since the 70's at least. Be "aware" of their predictions to the extent they can back them up, meaning zero.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1621981, member: 26302"]The "study" was done by the World Gold Council. From Wiki: The World Gold Council is a non-profit association of the world's leading gold mining companies, established in 1987 to promote the use of gold. It aims to stimulate demand for gold from industry, consumers, and investors. No, there would absolutely be no conflict of interest there....... KWN is simply a blog who loves to make inflammatory rhetoric repeatedly about how PM will "explode". One of these days they may be right, and they will point to their correct "prediction" for decades, ignoring the fact they made the same "prediction" 1000 times when it was wrong. SOP for many PM bull sites. Same has been happening since the 70's at least. Be "aware" of their predictions to the extent they can back them up, meaning zero.[/QUOTE]
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Chinese set to back the Yuan with gold... new world reserve currency?
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