After a brief pause in May, the Chinese and Russian central banks resumed their gold buying spree in June. The People’s Bank of China added about 15 tons of gold to its stash last month. The Chinese central bank now […]

Source: China and Russia Still on Gold Buying Spree – Peter Schiff’s Gold News

John Barleycorn thinks that they will create a common currency which is gold backed to compete with the petro dollar. Just a suspicion on my part.