Are the Chinese getting close to announcing a new gold-backed currency? Well, if the record amount of Australian gold exports into China is an indicator, it may be close at hand. While the Chinese have been importing a lot of gold from Australia, it reached a new record high in 2017.
According to the recently released data by the Australian Government June 2017 Resources and Energy Quarterly, Australia exported more gold to Hong Kong and China during the first quarter of 2017 than any other quarter in history.
Australian gold exports to Hong Kong and China were 54% higher Q1 2017 versus the same quarter last year:
H/t reader squodgy:
“That’s ok assuming you have enough spare income to invest.
Most ordinary people haven’t got sufficient cash spare in these high unemployment, minimum wage, hyper-inflationary, debt ridden, climatically insecure, war-mongering times………so they keep on trusting their Rothschild controlled Government, which is taking everyone out of Hamelyn into uncharted currency territory.
* * *