Audio Alert: China Fires Shots in Currency War, Metals Perk Up | August 14th, 2015

As for the role of precious metals going forward in the escalating currency wars, it shouldn’t escape investors’ notice that China has been a major gold buyer of late. Despite depreciating its currency versus the dollar, China continues to pursue a longer-term strategy of becoming more independent of the dollar. Records indicate that China has been unloading Treasuries by the billions and loading up on gold.