China Is About to Shock the World

I wrote recently about plans by the International Monetary Fund (IMF) to include the Chinese currency as one of the reserve currencies that back the IMF’s so-called Special Drawing Rights. Well, there’s another facet to that story that you need to know … and it echoes the warnings I first began voicing in early 2014. As part of the IMF’s plan to bring the yuan into the basket of reserve currencies, IMF officials want Chinese authorities to provide an update on the quantity of gold squirreled away inside China’s vaults.  






Read More: http://www.valuewalk.com/2015/05/china-gold-rmb/