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Koos Jansen: China sets up gold fund for central banks
6:40p ET Saturday, May 23, 2015
Dear Friend of GATA and Gold:
Gold researcher and GATA consultant Koos Jansen elaborates on today's announcement that the Shanghai Gold Exchange will be arranging acquisition of gold for as many as 60 countries participating in the "Silk Road" trading area.
The objective seems to be to reduce the U.S. dollar's function as the world reserve currency.
Citing the Chinese government news agency, whose report was dispatched to you by GATA earlier today, Jansen's commentary is headlined "Xinhua: China Sets Up Gold Fund For Central Banks" and it's posted at Jansen's blog at Bullion Star here:
https://www.bullionstar.com/blogs/koos-jansen/xinhua-china-sets-up-gold-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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