One reason could be that they want their citizens to (eventually) turn in some of their gold, and they (the Chinese government) will turn it into currency for them. That’s great. They are already setting up the mechanism for a gold standard.
Eric, the implications here are just phenomenal. You have to believe the Chinese have completely lost their minds in order not to believe that they are looking at gold in the multi-thousand dollar range. That’s the only way this makes sense. They are looking at gold as a central player in a new reserve currency. Who in the world would want (to hold) the dollar from a foreigners’ perspective? You (also) have this incredible alliance forming between China, Russia and Germany."
- Source, Stephen Leeb via King World News: