Personal Finance Blog By MoneyRates - Investments

Worried About the Dollar, China Buys More Gold

September 10, 2009

For those of us who watch for the best bank rates on CDs, savings accounts, and money market accounts, watching for changes in Chinese savings patterns is a must. China has about one trillion dollars stashed in U.S. Treasury bonds, and hundreds of billions more in U.S. banks. Concerned about high U.S. government spending, Chinese finance officials [...]
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