China’s Central Bank Recommends Gold For "Value Preservation"
- Sunday, March 27, 2011, 1:03
- Market
- Add a comment
Believe it or not Ripley! The People’s Bank of China(PBOC) recommended yesterday that 1 billion Chinese consider buying gold as a hedge against inflation and to preserve values in a world where currencies can fall. The PBOC Financial Markets Review came out just as several major currencies were indeed declining in value against gold; the dollar,1%, the Swiss franc,2.5%, t he British pound, 2%, and the Japanese yen, 2%.
http://blogs.forbes.com/robertlenzner/2011/03/26/chinas-central-bank-recommends-gold-for-value-preservation/
About the Author
admin123 has written 23404 stories on this site.
