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China’s gold stockpiling is dollar warning sign — William Pesek

Summary:
Going to gold as trust in the USD as a safe asset wanes. The status of a reserve currency is based on whether other countries choose to save in it. That willingness to hold the dollar appears to be decreasing.Asia TimesChina’s gold stockpiling is dollar warning signWilliam Pesek

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Going to gold as trust in the USD as a safe asset wanes. The status of a reserve currency is based on whether other countries choose to save in it. That willingness to hold the dollar appears to be decreasing.

Asia Times
China’s gold stockpiling is dollar warning sign
William Pesek

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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