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11.09.26 - 22:42
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Beijing Preps For Currency Wars (ZeroHedge)
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Beijing Preps For Currency Wars
Authored by James Rickards via The Daily Reckoning,
The fact that China has a large quantity of gold in its official reserve position is not news. China's gold reserves have been rising substantially since 2009.
At that time, China's official gold reserves were 1,054 metric tonnes (mt). Today, those reserves stand at approximately 2,366 mt, an increase of about 124%. But that does not tell the whole story.
The official reserves are reported by the People's Bank of China (PBOC), the Chinese central bank. But China may also hold gold through other state entities, including the State Administration of Foreign Exchange (SAFE). China is non-transparent about the full extent of its gold holdings. The exact amount of any unreported gold is unknown. Estimates can be formed based on imports from Switzerland via Hong Kong, but those are inexact.
One estimate is that the amount of "hidden gold" held by Chinese state entities is approximately the same as the amount repor...
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11.09.26 - 21:24
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Devisen: Euro wieder knapp unter 1,16 US-Dollar (DPA-AFX)
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NEW YORK (dpa-AFX) - Der Kurs des Euro ist am Freitag knapp unter die Marke von 1,16 US-Dollar gesunken. Für die europäische Gemeinschaftswährung wurden zuletzt in New York 1,1594 Dollar gezahlt, was den niedrigsten Stand seit Anfang August bedeutete. ......
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11.09.26 - 17:54
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Devisen: Euro pendelt um die Marke von 1,16 US-Dollar (DPA-AFX)
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FRANKFURT (dpa-AFX) - Der Kurs des Euro hat am Freitag um die Marke von 1,16 US-Dollar gependelt. Die europäische Gemeinschaftswährung wurde zuletzt bei 1,1610 Dollar gehandelt. Er bewegte sich so auf dem Niveau vom Morgen. Die Europäische Zentralbank ......
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