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China Reported Planning To Back The Yuan With Gold
This article was originally published at Jesse's Cafe Americain / Alt-Market.com This is an interesting article for several reasons, not the least of which is that it is from a Russian publication and perspective, reflecting on the possible actions of China in the evolution of the global reserve currency regime. As you know Russia is promoting a rethinking of the post Bretton Woods monetary system through their chairmanship of the G20 this year. There are other shoes to drop yet from that. I suspect that China is playing chess here, or perhaps more appropriately the game of 'Go,' and not checkers.
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