May 27, 2015

ZeroHedge: China Sets Up Gold Investment Fund For Central Banks - May 27, 2015

- China’s new gold fund – 60 countries to develop gold mining projects
- Allow member central banks to have easier access to gold
- Gold to be traded on increasingly important Shanghai Gold Exchange
- Another important step in making yuan reserve currency
- China and Russia challenging U.S. dominance in key Eurasia
- New gold fund shows monetary importance placed on gold by China
- China ensuring supply in event gold flows from West to East end
- Gold’s reemergence as important monetary asset both for individuals and powerful nations



Xi and Putin during the military parade in Moscow, May 9th, 2015


























http://www.zerohedge.com/news/2015-05-25/china-sets-gold-investment-fund-central-banks