The Places We Could Go
Eye On The Market
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The Importance of Diversification in the Renminbi
Gold holdings fell a lot from the early 90s to let's say 2007 because gold prices weren't doing anything. Once gold prices got started going up central banks started adding gold again. Outside of Russia and Turkey the gold shares tend to be somewhere between 5 and 10 percent sometimes a little bit lower. To me they're really interested one of the really interesting questions here on China is what would it take to see greater diversification into renminbi.
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