Why?
It is a specific investment.
The Chinese government is recommending a particular investment.
It is acting as if they were 'The Peoples Investment Broker'.
Could it be that they are confident that gold will go up, because they are about to dump the US dollar?
The effect on commodities will be cataclysmic.
A cheaper US dollar is inflationary. Oil, gas, corn (everything!) will rise in value at a rate of knots.
Whilst American manufacturing will benefit from being able to export their products at a cheaper price, the average American will find it harder to afford them because their dollar will be worth less.
Or even worthless.
Surely China won't do this.
Or would they?
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