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China may start fund hedging against the US dollar

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posted on Apr, 25 2011 @ 10:57 AM
That is a very important article.

China May Start New Sovereign Funds to Invest in Oil, Gold: Reports

China's central bank is considering setting up new investment funds to diversify holdings in the country's swelling foreign exchange reserves, the world's largest stockpile, local media reported on Monday.

The proposed funds include one or more to invest a part of China's foreign reserves in energy and precious metal markets and another that could intervene in foreign exchange markets, the New Century Weekly said, citing sources close to the central bank.

Invest in energy and precious metals... that means... AGAINST THE US DOLLAR... Every time the US dollar goes down, that fund would go up...

The report left many questions unanswered, including the size of any such fund and the timing of their possible launch.

Thing is, they already have such a fund, but it seems they are creating another just for oil/silver/gold...

Got gold and silver? Because when China decides to buy TRILLIONS $ worth of those precious metals, they gonna sky rocket.
edit on 25-4-2011 by Vitchilo because: (no reason given)

posted on Apr, 25 2011 @ 11:00 AM
Not a surprise really,
Soros is doing this already
and has been for quite a while.

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