Chinese Gold Standard Could Create 'Fireworks' - Bloomberg Intelligence - TheStreet

Chinese Gold Standard Could Create 'Fireworks' - Bloomberg Intelligence - TheStreet: "Hoffman estimates that to create an exchange rate of one ounce of gold for every $64,000, the country would need about 10,000 metric tons of the metal. "That's nine times the national official holdings and about 6 percent of all the bullion ever mined globally," Hoffman says. "



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