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ranbotrader
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Some thoughts on 'international reserves'

- Hugo Salinas Price - Plata.com

You omitted to mention that China holds trillion of dollars of US bonds and these will more than likely be worthless to China in the future. That looks like the reason why China is amassing a gold hoard.

Commented 3907 days ago

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Beginning of the headline :International reserves, excluding gold, as reported by Bloomberg, courtesy of Doug Noland at www.prudentbear.com on July 26, 2013, stood at $11.167 Trillion dollars. International reserves, excluding gold, are mainly made up of dollar and euro holdings. On August 1, 2011, holdings amounted to $10.063 Trillion dollars. On year later, holdings had increased to $10.450 Trillion dollars, an increase of $387 billion dollars. In the most recent twelve months, holdings have increased by $717 billion do... Read More

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