China is strengthening it’s bullion reserves to present its currency as an alternative to the US dollar.
Considering the debt ratio’s and relative leveraging of the currency, this is something that must have the Americans worried.
The title is of course a little misleading because China has many options, none of which except one in my opinion will actually work. Options to what exactly you ask? Options to a collapsing global economy and an imploding financial system which will surely affect China as much as anywhere else, but with one caveat. I take these events as a given, others do not but betting against an outright panic and global bankruptcy is betting against pure mathematics itself. Continue reading “China’s gold bullion reserve rival US’s”
