Jennifer Barry: Gold, the U.S. dollar, and the Chinese yuan

Section:

8:33p ET Thursday, July 9, 2009

Dear Friend of GATA and Gold:

Writing at Market Oracle, Jennifer Barry of the Global Asset Strategist letter argues that China's recent acknowledgement that it has increased its gold reserves was meant as a warning to the United States to stop debasing the dollar. She mentions GATA's assertion in recent years that China was surreptitiously buying gold. Barry's essay is headlined "Gold, the U.S. Dollar, and the Chinese Yuan" and you can find it at Market Oracle here:

http://www.marketoracle.co.uk/index.php?name=News&file=article&sid=11928

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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