by owning so much US debt it enables them to peg the yuan to the dollar. by selling debt back to US they weaken the yuan and get less for their exports.
so......"He also pointed out that China does not have many options to deploy its massive amounts of foreign exchange reserves."
Then maybe the Gold Market is at the mercy of China.
- Forums
- ASX - By Stock
- GOLD
- the cliff
the cliff, page-7
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
EL8
ELEVATE URANIUM LTD
Murray Hill, MD & CEO
Murray Hill
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online