[2015-12-14] Chinese Foreign Exchange Reserves Are Dwindling – Bitcoin Is An Alt

[jdebunt]

Interesting things are going on over in China, as the country’s cash reserves are dwindling at an alarming pace. A recent report by the Chinese central bank indicated how there is only US$3.4 bn left in foreign exchange reserves, which is the lowest levels since the beginning of 2013. Getting funds out of the country is proving to be a difficult task, and Bitcoin seems to be the solution investors could be looking for.

http://bitcoinist.net/chinese-foreign-exchange-reserves-dwindling-bitcoin-alternative-way-store-wealth/

[1715114878]

1715114878

[piloder]

Chinese Foreign Exchange Reserves are not owned by the Chinese, they are owned by the foreign investors indirectly. When the foreign investors want to withdraw from China, the Chinese government has to sell the foreign reserve and give money back to foreigners.

[Denker]

I will never understand how someone can invest his millions in art! It costs you insurance, you have to protect and safe it with high tech and so on. The last years the prices for art have exploded!Crazy!
Real estate isn't that much of a safe haven as well anymore.People will go more and more into precious metals and Bitcoin!