monetarypolicy

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WikiLeaks : "China Buying Gold To Destroy The Dollars Worlds Reserve Status"

WikiLeaks : "China Buying Gold To Destroy The Dollars Worlds Reserve Status"

Wondering why gold at $1850 is cheap, or why gold at double that price will also be cheap, or frankly at any price? Because, as the following leaked cable explains, gold is, to China at least, nothing but the opportunity cost of destroying the dollar’s reserve status. Putting that into dollar terms is, therefore, impractical at best, and illogical at worst.

Continue Here:
http://www.infowars.com/wikileaks-discloses-the-reasons-behi...

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