Tag Archive: chinese gold

RISE OF THE RENMINBI

According to a recent article from The Street.com, “The most important economic issue over the next decade will be the rising position of the Chinese currency, the renminbi, in the foreign exchange markets.” While current global financial reserves are dominated by the dollar, euro, yen and British pound, there is a significant shift taking place right now. A shift that could dramatically change the global reserve market and the dollar’s status as the reserve currency of choice. The central banks that issue these currencies have,... Continue Reading

HOW MUCH GOLD DOES CHINA REALLY HAVE?

The financial landscape is changing right before our very eyes. Higher upcoming interest rates in the U.S., a possible Greek exit from the European Union and changes in energy policy are just a few of the many issues global markets are currently facing. Any talk, however, of changes in the global economy could not take place without throwing China into the discussion. As the world’s #2 economy, China has asserted itself as an economic powerhouse. The country is continuing to build upon this growth, and... Continue Reading