Jim Rickards has recently opined that the price of gold has been pegged by China at 900 SDRs per ounce.
We provide empirical evidence to support the general idea of gold being pegged at some value.
Gold priced in Chinese yuan has a more flat regression line and has lower volatility than gold priced in SDRs.
Jim Rickards is a Wall Street insider, prolific author and who garners the respect and attention of many elite financiers around the world.
For the rest of the article, click here: Has China Pegged The Gold Price To The Value Of SDRs?