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IPFS News Link • Precious Metals

Gold & Silver Making Huge Moves, As China Makes Fresh Noises About Dumping The Buck

Gold and silver are on fire to start the week, and obviously that means the dollar is sagging hard. There are reports of unnamed PBOC officials talking about shifting the bank's massive reserves into hard assets outside the dollar. There's another report of a banker (via ZeroHedge) urging a massive slashing of USD reserves. So there you go. Check out the huge spike in silver.