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China and its thoughts on gold and its significance

(Michael J. Kosares) Let’s start with some big, but digestible numbers: $3,950,000,000,000 = China’s total foreign exchange reserves $1,250,000,000,000 = Value of the world’s 31,866 metric tonnes gold reserve at $1220/troy ounce _________________________________________________________________________________________________________  $1,280,000,000,000.  = China’s holdings of U.S. Treasuries in its foreign exchange reserves  $   319,000,000,000. = Value of U.S. 8133 metric tonnes gold […]