Bloomberg's Sungwoo Park reporting from Seoul:
China should increase its gold and silver reserves, the Economic Information Daily reported today, citing an interview with central bank adviser Xia Bin.
Increasing gold reserves at the “appropriate time” is in line with the strategy of internationalizing the yuan, the report cited Xia as saying. “Related departments” should employ a “buy in the dip” strategy over a very long period of time, Xia said. ...
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FULL STORY:
http://www.bloomberg.com/news/2011-01-31/china-should-buy-more-gold-silver-for-reserves-daily-reports.html
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