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RE: The Real Reason Billionaire Investors Buy Gold, and Why The Sky is NOT Falling - SPOILER ALERT: @dollarvigilante is wrong!
Okay, but like, thr amount of gold China would need to back the valuation of yuan currently hasn't even been mined. In history. So, ever. The U. S. still holds more gold than China. I'm not going to check for this post , but its something like 7x what China holds. And at this point the U. S. is still the world leader in gold reserves.
Do you have a link to an article about the gold backed yuan?