China's Central Bank Recommends Gold For "Value Preservation" |
| March 26, 2011 | March 2011 Bond Updates |
|
Believe it or not Ripley! The People's Bank of China(PBOC) recommended yesterday that 1 billion Chinese consider buying gold as a hedge against inflation and to preserve values in a world where currencies can fall. The PBOC Financial Markets Review came out just as several major currencies were indeed declining in value against gold; the dollar,1%, the Swiss franc,2.5%, t he British pound, 2%, and the Japanese yen, 2%. |
| View more at: http://blogs.forbes.com/robertlenzner/2011/03/26/chinas-central-bank-recommends-gold-for-value-preservation/ |
| Related News |
|