high grade gold intercepts - edjudins, page-47

Here we go again with another zombie idea that keeps on coming no matter how many times is killed.

And bellow is some of the basic reasons why a return to the gold standard is unlikely to say the least.

http://economics.about.com/cs/money/a/gold_standard_2.htm

Another thing. If the People’s Bank of China neither telegraphs its intentions nor does it declare its official gold reserve purchases how does the business insider know inter alia the following:

1) That China's undeclared official gold reserve purchases remains an elephant in the room;

2) That in the coming months [1,2,3,...,n] one can expect that China will announce that they have doubled their gold reserves to over 2,000 tonnes.

"China is trying to position the yuan or renminbi as an alternative global reserve currency and large gold reserves are essential if this is to be achieved"

Well, if that is the case then why would a central bank want yuans and not gold? What would be the point in having yuans the currency of a currency manipulator that could change the ratio between gold and yuans at his will instead of having gold, the real thing?

About alternatives to the US dollar. For those interested to learn about this subject below is a link to an article in the Financial Times of London.

http://ftalphaville.ft.com/2011/10/05/692351/what-makes-a-reserve-currency/