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Friday, May 01, 2015

What happens to gold when the yuan floats free of the dollar?

http://www.mineweb.com/news/gold/what-happens-to-gold-when-the-yuan-floats-free-of-the-dollar/

To become part of the IMF's SDR basket, China will almost certainly have to unpeg its currency from the US dollar. A massive increase in its gold reserve may be an integral part of this process.''

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