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TenKay

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TenKay

Re: diamondguru-one post# 109223

Wednesday, 07/13/2016 6:30:29 PM

Wednesday, July 13, 2016 6:30:29 PM

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"the YUAN is gold backed..since April 19th.....NEXT"

No it is not. What has been in place since April 19 is a yuan price fix for gold. Just as gold has with the US dollar, the British pound and the Euro.

https://en.m.wikipedia.org/wiki/Gold_fixing

http://mobile.reuters.com/article/idUSL3N17M1Y0

It is important to understand the difference.
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