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Chinese Central Banker Declares That 'Gold Is The Only Safe Haven Left'by Gus LubinBusiness Insider Dec. 28, 2011 |
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 ...People's Bank of China official Zhang Jianhua declared yesterday: "No asset is safe now. The only choice to hedge risks is to hold hard currency - gold." Zhang, the bank's research director, recommended buying the dips: "The Chinese government should not only be cautious of the imported risk caused by rising global inflation, but also further optimize its foreign-exchange portfolio and purchase gold assets when the gold price shows a favorable fluctuation." Read More 
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