When fiat money is no longer backed by Gold world economy begins to take different shapes one of them is that the currency lost its purchasing power for many reasons.China India and Asian Blocks are already in a position to acknowledge the possibility to increase their GOLD RESERVES. Russia who has some influence on these countries is joining the queue, and this so call group is a wake up call for others.
China India and Asian Blocks have long history in the uses of Gold be it economic,social and spiritual.I believe that in order for China to stand up as world economic super power it has to increase its current Gold Reserve of 1000 ton to a quantity comparable to US 8000 ton.Look like China is on the way with phases that are already known to experts.
Well if this is the case I suspected that the demand of Gold in years to come will be more than double and prices of Gold will escalate to greater height as US Quantitative Easing is currently on the way.
It may be concluded Gold Money is one of the solutions and the best form of Investment.
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