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China needs gold to protect its currency, Stoferle writes for KWN
3:18p ET Thursday, June 12, 2014
Dear Friend of GATA and Gold:
Writing for King World News, Ronald-Peter Stoferle of Incrementum AG in Liechtenstein argues that as China's foreign exchange surplus falls and the value of the yuan starts to be questioned, China is buying gold to protect its currency as well as to diversify its currency reserves. Stoferle's commentary is posted at the KWN blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/6/12_Th...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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