people's bank of china committee calling for a new system to stabilize global exchange rates so this is where all the gold is right now you'll be able to see behind me and as it stands the u.s. holds the world's largest gold but it is suspected that go to china has up to ten thousand tons of passing that of the u.s. so all the dominating days of the u.s. dollar as the all powerful reserve currency i know what i'm going to get some expert analysis right here from william wilson from the business school to tell me presuming that china is is doing this on purpose this is why it's buying up all the gold is the right decision is this the right way for what we do which i've been buying gold in recent years the quote we don't know how much gold the chinese officials have not released any official statistics on it but the we know this the chinese have three point five trillion in foreign exchange reserves as about fifty percent of their g.d.p. and they're worried about the value of the dollar of the world's major reserve currency five ten years from now so they're looking to diversify those

she cofounded global exchange and has been using her life for questioning and challenging some assumptions on the policies of government her book, "drone warfare: killing by remote control." she has use as possible use of the book for other reasons you can relate to your home. this book is full first-person reporting and some of her travels are included to afghanistan and pakistan. regular sponsored research and some other sources paint a picture of where the drone use has grown to today. i would like to open with the question about what you can find when you started this and how do you characterize this piece of work? >> good afternoon, everybody. thank you. i started this work approximately 15 years ago and i wrote this book because i had been very closely watching the evolution of the u.s. response to 9/11. oh government reports of bombs are true because i remember looking at the television and watching them in thinking that this technology is amazing and frightening. frightening and awesome and all inspiring all at once. it gives us the ability to pinpoint targets with laser like preci

exchange refusing to accept orders. they have been temporarily halted. bats says, quote, all systems are functioning normally, unquote. bats global is the third largest u.s. equity market behind the nyse and nasdaq. that is the very latest on the bats. tracy: okay. well our next guest says the president's speech may actually breathe a little life into the efforts in the senate to reform fanny and freddie which have guaranteed nearly two thirds of all home loans since the housing crisis. greg valliere, chief political strategist at potomac research group joins us now. it seems a little contradictory that the president wants to take the government out of anything. here he is saying let's get the government out of housing. not really though, right? >> you have to read the fine print, tracy. tracy: right. >> i think he would still like to have a government guaranty, not as big as obscene one for fanny and freddie. he would still like to have some oversight. his path would bee different from the path the house would favor. tracy: same horse, different pleas isn't it because we're still talking about the a government backstop. >> stop

in july -- to $292 million. 2 trading exchanges are merging to take on the new york stock exchange. bats global markets and direct edge are combing to become the second largest trading exchange in the u.s. behind the new york stock exchange. bats- and direct edge -- hope to have a competitive edge with high speed trading.even though trading volumes are falling. traders are keeping an eye on biotech stocks. it follows the merger of pharma giants amgen and onyx. amgen will pay 10.4 billion dollars for onyx, as the company now gains more access to cancer fighting drugs.the deal is expected to close at the beginning of the fourth quarter. onyx currently has three cancer treatment drugs, and one in the works. both stocks gained traction on the news, with amgen closing up 8 dollars and onyx closing up 6. u.s. corporations are pouring money into signapore. according to reports-- u.s.busineses invested $138 billion during the past ten years. singapore now leads other asian nations with outside investment money coming in. we asked tim mulholland of china america capital what makes singapore so appealing

there has been a lot of talk having all electronic global exchange only because of the slowness of having human interaction but realistically, guys, every investor right now, they would be best served having slower execution as long as data integrity was in place. cheryl: you know what is so troubling? this is the nation's second largest exchange. we're not talking about some small exchange in some basement in los angeles. this is the nasdaq, todd and this is frustrating to everyone that trust the markets when you see this type of issue, a technical issue which is all the nasdaq has said thus far to happen and affect what should be a smooth financial day, a smooth markets day in the middle of august. they have to answer to this, todd. >> you said it business there, cheryl, here you are, end of august, very slow trading environment. can you imagine if you take a much more dynamic time frame, geopolitical event or earnings release or something else that really when you have a lot of involvement with the markets and then this happened? look, it is all about ininteresting get, guys. realistic

today and if regulators approve it it, it would unite the third and fourth largest equity exchange owners the bats globalchange would take the bats global market name. the current ceo called it an important milestone for the u.s. equities market. the deal comes almost a week after a technical glitch at the nasdaq caused a fly hour trading halt. if approved the deal is expected to close for the first half of 2014. afghan war veteran has become the newest recipient of our nation's highest military award for bravery. details of the deadly fire fight that he said was like facing a wall of spikes. meanwhile, disabled veterans are waiting longer than ever to receive their benefits and now there is word that federal workers are essentially getting paid extra while leaving some of those vets in the lurch. the kyocera torque lets you hear and be heard even in stupid loud places. to prove it, we set up our call center right here... [ chirp ] all good? [ chirp ] getty up. call me. seriously, this is really happening! [ cellphone rings ] hello? it's a giant helicopter ma'am. [ male announcer ] get it done [ chirp ]

from 1945 to 1958, the reasonably stable bread and would dollar did dominate global trade and exchange as the world struggled to recover from world war ii but after 1958, a momentous monetary event took place. western european governments restore the new convertible the of their currency systems on current accounts sponsored by the european payments union, abolished most exchange controls and sought to establish budgetary equilibrium at home. promptly dollar primacy began to wane. from that very year, 1958, when the once prostrate nations of europe hardened the convertibility of their national monies the european nations accelerated their postwar rise in world markets and then, and that was the united states which began to experience near permanent overall balance of payment deficits and budget deficits. threw up the 1960s under presidents kennedy and johnson, inflation and external deficit of the dollar generated by expensive u.s. monetary policies and budget deficits lead to a perennial, perennial foreign-exchange crises ultimately -- foreign-exchange controls in the united states. t

this is, they're bearing down on this and you know, the new york stock exchange has a global operation going to shrink and it is a rude awakening to the people at new york stock exchange. adam: could they be shrinking too far though? could they be cutting to the bone as opposed to get being efficiencies and eliminating duplicating positions? >> i think yes they could be. i think that will probably be the case that duncan will make along the way. kind of out of his control. he sold when it came down to it. i think they have less than 1,000 people in atlanta. when computerized company, you know, the ice does options over a, over a computer network. when that buys the storied new york stock exchange which has this global, sort of presence and then getting to your point the new york stock exchange would say, listen, we are a marketing company and in many ways. we go out and get companies to list on our exchange. we market saying if you list here, you get our imprimatur. ring the opening and closing bell. it's a good thing. share hold like having stamp of approval. like compliance and due d

now, it was from 1945 to 1958 that a reasonably stable dollar did dominate global trade and exchangeas the world's struggle to recover from world war ii. but after 1958, a momentous monetary the event took place. western european governments restored the currency systems on the current account sponsored by the european payments union to. most exchange controls sought to establish budgetary equilibrium at home. promptly dollar primacy began to wane. from that very year, 1958 when the once nations of your part in the convertibility of the national monies, the european nations accelerated the post war rise in the markets and then it was the united states that began to experience the near permanent balance of payments deficits and budget deficits. now, throughout the 1960's under presidents kennedy and johnson on inflation and the external deficit of the dollar generated by extensive u.s. monetary policies and budget deficits lead to perennial foreign-exchange crisis and ultimately the foreign-exchange controls. foreign exchange controls in the united states. the brentonwood system grown

stock rose 2% on the news while dial global doesn't trade on any major stock exchanges, tumbled 48%. >>> our market monitor guest is buying stocks now with the concerns about syria. kevin, always good to see you. >> good to be here. >> i assume you're investing for the long term but not concerned about the short-term head winds political and economic? >> we focus on fundmentals and are long term and we look at opportunity in the marketplace. we have seen over the last year a 20% plus rise in the equity markets, not driven so much by earnings up 3% but really investor whose have become more comfortable with taking on risks. so prices moved higher last year and this is the first time we had any pull back. we had the dow off 4.5% in the month of august. you have to go to the spring of 2012 to find a pull back which would have give an value investor like us an opportunity to evaluate. >> you gave us the name of three stocks you're recommending tonight. let's go down the list. you start with anheuser-busch, bud trading, what is your take on this? >> we like budweiser for a variety of reas

a stock exchange merger may be in the works.bloomberg news reports-- bats global market and direct edge holdings are in talks. together it would create the second largest exchange behind the new york stock exchange. facebook tops $40.the can do stock closed friday at $40.55.good news for ipo investors who are holding on to that stock. and a dutch company reports 165-thousand people are interested in a trip to mars-- there's a week left to sign up. we begin this week with charles moon of trading advantage. happy monday morning to you charles. > >good morning. how are you doing? > >i'm doing wonderfully well. there's a lot of chatter in this market about the possibility of the fed tapering come september. do you buy into that and what will it mean for the market this week? > >honestly i think its very overblown. it's been a lot of media hype. a lot of analysts kind of overextending themselves. really gauging it toward the 7.3 number in the unemployment rate. frankly from the fomc minutes it was already shown that a majority of the fed members are in line with ben bernanke's timeline. they

in the exchange of global digital information is important to have clear ways countries access and transfer that information such as mutual legal assistance treaty to facilitate communications transfer allowing greater due process, record of information sharing across states and specification or should include specification in the context of discrepancies between state standards at the higher level of protection for the individuals. finally, safeguards against a legitimate access. states enact criminal legislation criminalizing legal communication by private and public actors. we have seen many instances of abuse by public and private actors so provide sufficient civil and criminal penalties for illegal surveillance and avenues of redress for those affected individuals. anyone who accesses digital information without the procedures set out above should be penalized and those whose rights are violated should receive retribution. these are the 13 core principles and they are available at necessaryanda proportion of.org. they launched in july of this year just over a month ago and there are 20

. >>> brand new into the newsroom this morning, i mean just seconds old, two exchanges you don't hear much about. bats global and direct edge will merge to form what will be the second largest exchange in united states, bigger than the nasdaq, slightly smaller than the nyse. today they'll account for about 20% of stock sales. donald trump has been slapped with a lawsuit from the attorney general of new york. trump accused of detroiting people who enrolled in his trump university courses. trump actually barred from calling it a university. the attorney general says students paid $35,000 for a three-day business course and didn't get to meet trump. they did taet get their picture taken with a cardboard cutout. >>> the 49ers won last night 34-14. supermodel marisa miller and add dre' iguodala tweeted from last night's game. you see the look on iguodala's face, outstanding. they took over the 49ers' twitter account and had great fun. you've got tweets, live streaming in the nfl, trying to catch up honestly with major league baseball. >> oh, who are you kidding? >> kids a little excited to be sitting next to the

i think when the exchanges, all the exchanges went public, there was a divergence because look at the globalon. your biggest customer do you look at them more carefully or step back and say this is going to hurt our bottom line? that goes back to me saying can the exchanges put the amount of money in to keep the software to where it needs to be. >> that is a good point. you've probably flown international airlines versus domestic airlines it's a 30 year difference in quality. what do you think about the goal of competing globally but maintaining a bottom line that's going to please your own investors as an independently traded company? >> these exchanges are pouring money into technology, let me tell you, and they're doing it from a competitive standpoint. this is a point that hasn't been brought out. what failed today was a price dissemination server. it's called the utpsip. it's something that nasdaq operates for the entire industry. they are responsible for that. the nyc operates it for their stocks as well as the etf and am ex stocks. that operated fine. from a competitive standpoint it

stock exchange operator bats global markets is in advanced talks to merge with rival direct edge. senior correspondent charlie gasparino talked with sources that confirmed the talks. it would create the country's second largest stocks exchange company by trading activity. >>> stocks posted modest gains after the government reported new home sales plunged unexpectedly 13.4%. stocks are on track for a third straight week of losses. we're higher by 24 points. >>> it has been a rough week for retailers. aeropostale forecasting a deep third quarter loss. a highly promotional environment that led it to cut prices and decimating earnings will continue in the back to school shopping period. >>> that is the latest from the fox biz network. we're always giving you the power to prosper. tracy: so a new report by the heritage foundation breaks down how the government is spending your money and the findings are like ridiculous. one of the report's author, she joins us now with her findings. you know, what i find the worst about this is so much fraud and double-dipping and, it begs the question

exchange." these are your headlines this morning. globalthe edge of their seats awaiting today's fed minutes which could provide more clues into the central bank's thinking about tapering. >>> indonesia reverses its stock market rout as its president promises new measures on friday to shore up growth and fight inflation. >>> investors pour out of heineken as the beermaker's first half sales fall short of expectations. the dutch brewer warning of a muted outlook. >> consumer confidence is still quite subdued, particularly in europe, and also in the u.s. on the other hand, you see also a kind of slowdown in some traditional for high growth in emerging markets like brazil and marria marginally more so in africa. >> carlsberg also reports the danish brewer keeping its outlook unchanged as asian growth compensates for a sluggish european sales. the ceo telling this channel, europe will take some time to pick up. >> the spike maybe from a high level, the macro economy is getting a little bit invested in europe, it will take time before we start s

bats global markets will merge with rival stock exchange company, direct edge holdings. it will unseat the nasdaq as the second largest u.s. stock exchange operator by volume. >>> according to "the wall street journal" the u.s. treasury department will hit the borrowing limit by mid-october. it will not be able to pay all its bills soon after that. this mid-october time frame is sooner than a lot of people on capitol hill had anticipated because all the new tax revenue coming out and the sequester prevented some "money" from going out. "after the bell" starts right now. let's get right to today's action. we have chris retzler, needham growth fund portfolio manager whose last stock pick is up 15% since you told you to buy it. we'll tell what you that was. and tim mulholland in the pits of the cme. tell you what is happening in the middle east, that the u.s. might get more actively engaged in the syria. that didn't affect the markets t wasn't until the last minutes of the day that it began to shoemo men tum downwards. >> when secretary of state kerry had a little more aggr

global gdp. analysts assess the effects of a weaker yen and said a sustained 10% fall in the yen's exchange rate could reduce growth in china and south korea by 0.1 to 0.2%. the nations compete with japan as exporters. they said they would be net growth spill overs as economic policies are fully implemented. u.s. stock prices rallied on thursday and key indeces posted record highs. the dow jones industrial average ended at 15,628, up 128 points from wednesday's close. the s&p 500 ended above 1700 for the first time after strong data on factory growth helped to improve overall sentiment. to see how all that will affect stocks here, let's go to the tokyo stock exchange. good morning. investors were keeping a close eye on data, but earnings here could also sway centiment. >> very good morning to you. all eyes have been on u.s. data and the fed so far this week. of course with the key out of the u.s. later today and earnings from toyota. we may see trade and a little bit of a range today. positive nevertheless. let's have a look for friday, august 2nd. the nikkei is up 1 and 1/4%. a positive start f

exchange. >> hey there, kelly, scott wapner at cnbc global headquarters. will be back tomorrow. and we do have a very busy show ahead. it's, of course, a down monday to start the week. >> -- on friday, but it doesn't look as though we'll be able to do it again today. we'll watch, though, and see what happens over the next hour. some big

global financial headlines kaiser reports on our. attackers cooled screw people tears would have to prison sentences as crowds exchanged blows with policesaying the trial is nothing more than a witch hunt. iran's new president says he wants to build bridges of the west but he's the feeling mutual the u.k. snaps his inauguration as america pushes for a sanctions. and american and his call for a boycott of the twenty one winter olympics in sochi over a new game company got into the war in russia. that just like.

exchange. >> hey there, kelly, scott wapner at cnbc global headquarters. maria and bill will be back tomorrow. and we do have a very busy show ahead. it's, of course, a down monday to start the week. >> -- on friday, but it doesn't look as though we'll be able to do it again today. we'll watch, though, and see what happens over the next hour. some big battles raging among billionaires this week, and a certain millionaire actor. we'll get to that in a bit. first, bill ackman was leveling a charge at zoros fund. a stock that ackman is shorting. the question is was that illegal or is this just a case of sour grapes? former s.e.c. boss harvey pitt will weigh in. >>> also, much more fallout from george clooney's full-throated assault on dan loeb and his move to try to split up movies. is clooney biting the hand that feeds hollywood? we'll look at that and more. >> look forward to that. also black monday for major league baseball. multiple suspensions for performance-enhancing drugs coming down at any moment. alex rodriguez is expected to get the worst of it. ma

. >> i'm kelly evans down here at the new york stock exchange in for maria bartiromo and on a day when global tension is getting stocks -- >> have some water. we just started, kelly. >> we've got a long program to go. >> we do. >> and concerns topping the list. syria a major concern and the late-day sell-off from yesterday is happening again. dow down 145 points. >> here's the deal. we've had other potential conflicts around the globe for a couple of years now, and the markets did nothing with it. this one, they're paying attention to, and in the usual ways finally. stocks down, bonds up, gold up, and oil very high today. >> right. >> crude oil doing its best day in a year and a half now. seeing the kind of rush to a safe haven you might imagine here, kel inlts sure. the risk oh version trade playing out globally. keep a close eye on the japanese yen strengthening, testing the 97 level. not there in quite some time pap hit for emerging markets and exacerbating a lot of the pain we saw coming into this week already. >> a lot to cover. especially this last hour of trade. let's get you caught up

exchange." that is if you're just waking up in the u.s. get up, sleepy head. it is time to start your globalhere is a look at futures for the u.s. markets. taking fair value into account, the implied open signaling a softer start to the trading day yet again. this is after we saw the triple digit declines for the dow in yesterday's trading session. that was the biggest point decline since june. the s&p also losing .3%. there is uncertainty about fed tapering, yes, but also macy's weighing on consumer stocks. we are seeing a lot of red across the board. ftse 100 continuing its underperformance after yesterday's losses, off by .4%. remember, boe minutes were more hawkish than expected. we did get very positive uk july retail sales this morning. but not really lifting the markets too much. the xetra dax also off by .4%. keep in mind, volumes are pretty low this morning, because we are -- we have a holiday across many parts of europe. and, again, maybe we still are seeing a little bit of profit taking. let's come back to the u.s. cisco systems is raising red flags for the rest of the tech sector

. >> i'm kelly evans down here at the new york stock exchange in for maria bartiromo and on a day when globalg stocks -- >> have some water. we just started, kelly. >> we've got a long program to go. >> we do. >> and concerns topping the list. syria a major concern and the late-day sell-off from yesterday is happening again. dow down 145 points. >> here's the deal. we've had other potential conflicts around the globe for a couple of years now, and the markets did nothing with it. this one, they're paying attention to, and in the usual ways finally. stocks

global financial headlines kaiser report. they did race to become moscow's new mayor's and full throttle with the main adversaries now officially exchanging political blogs and media battlefield and with less than a month left before polling day companies already seen its share of scandals to our business and i know it takes a closer look at the front runners. and they're on the last leg of the campaign has officially begun in the first election for moscow's mayor in ten years there are six candidates over seven million registered voters and a lot of promises being made it's not easy to please a city of an estimated fourteen million people there are major problems huge projects and the seemingly never ending fight against corruption incumbent serviceably on and his team in office for two years are confident the city's streets speak for themselves. have been completely changed the city is prorated have been public space fighting traffic development of public transportation and to take medicine and education to new levels of development and his plan is to continue that work if he is elected but also running is anti corruption blogger an opp

linked to the market and foreign exchange reserves are adequate nothing is confirmed until officially denied so earlier i spoke with mike shylock author of mish global economic trend analysis and about the decline in india's rupee. they said well we're not going to have a discount we're going to roles and and these things are looking for alls because of x. y. and z. and lo and behold they said well what is the number what you were going to limit the amount of money you can take over say oh sorry that's not it you have a number do you can buy gold because we don't we don't want your money going or anything we don't think is as if government can decide what is productive or not and then they would. certainly get it was they want some controls on florida or excuse me on institutions on the amount of purchases that a student but i don't. know her it is not a cow tipping zero eight or so and so what are these how are they are they going to attract money. well what they did was they spoke to market not that the market needed much getting like the current account deficit is rising in india they don't know how to fund it and they're trying to control it wit

within the specific exchange of global information, it is important to have clear and consistent ways in which countries access and transfer that information such as mutual legal assistance treaties to facilitate this communications transfer. this allows for greater due process, a record of information sharing across states and a specification -- and should include a specification within the context of discrepancies between state standards that the higher level of protection for the individual applies. finally, safeguards against illegitimate access. states should enact legislation criminalizing illegal communications surveillance by public and private actors. we've seen many instances of abuse, so the law should provide sufficient civil and criminal penalties for illegal surveillance, protections for whistleblowers and avenues of redress for those affected individuals. anyone who accesses digital information without the procedures set up should be penalized, and those whose rights are violated should receive retribution. these are the 13 core principles, and they are available at nec

of him scoping out the new york stock exchange he eventually chose or help to choose the new york fed itself and it is the london whale simply john corps m.f. global read out the stories are being floated in the media today the first by bloomberg regards j.p. morgan which is negotiating with regulators over the derivatives debacle that cost the farm over six billion dollars according to quote people mr diamond's firm will likely get off with only a fine. and according to sources the london will himself will not face u.s. charges so why the possible john corazon redux.

scoping out the new york stock exchange he eventually chose or help to choose the new york fed itself and it is the london whale simply john corps minus slash m.f. global readouts two stories are being floated in the media today the first by bloomberg regards j.p. morgan which is negotiating with regulators over the derivatives debacle that cost the farm over six billion dollars according to quote people mr diamond's firm will likely get off with only a fine or a slot and according to sources the london will himself will not face u.s. charges so why the possible john corazon redux the media was repeatedly used as a tool to float the idea that would walk free and now we have this london will story doesn't have nearly the grassroots movement that a global did but members of congress don't like angry phone calls or answering them and bed bob hogs fake econ staff of former assistant treasury secretary paul craig roberts and i profiled purdue pharma and here's what they hear prime minister. despite massive debts the us is now able to borrow at record low rates thanks in part to quantitative easing it is a world of disc information and misinformation and whi

scoping out the new york stock exchange he eventually chose or hope to choose the new york fed itself and it is the london whale simply john kors minus slash m.f. global redux two stories are being floated in the media today the first by bloomberg regards j.p. morgan which is negotiating with regulators over the derivatives debacle that cost the farm over six billion dollars according to quote people mr diamond's firm will likely get off with only a fine or a slot and according to sources the london will himself will not face u.s. charges so why the possible john corazon redux the media was repeatedly used as a tool to float the idea that would walk free and now we have this london whale story that doesn't have nearly the grassroots movement that a global did but good members of congress don't like angry phone calls or answering them and of bed bob hogs fake former assistant treasury secretary paul craig roberts and i profiled purdue pharma and here's what's in your prime interest.

scoping out the new york stock exchange he eventually chose or help to choose the new york fed itself and it is the london whale simply john corps minus slash m.f. global.

exchange commission is renewing the. that announcement comes after the nasdaq freeze for three >>> checking in on the global markets.e a little mixed this morning. the nikkei close more than 2% in its trading day over night. the but both -- >>> checking in on the numbers right now. the futures indicating a little bit of a mixed picture as well. no big moves indicated and according to the futures this morning we can see after the craziness yesterday the dow, nasdaq, and s & p all posted small agains. >>> first you have michaelkey ton, and then val, and now ben affleck. he is the latest actor to become batman. warner brothers made the announcement yesterday. i'm telling you, pam. ben's bat man will appear in the sequel to this summers latest super next year. >>> 5:20 is the time. the site continue -- the fight to save san jose city college. >>> plus a puzzling problem. how a recent deadly shark attack is deepening a mystery. >>> welcome back. time now 5:23. scientists in hawaii puzzled by recent surge in shark attacks over there. just last month a german tourists was attacked. the shark bit off her arm. she later died

exchange standard could you explain that for us. people often lump together the late nineteenth century. and the one nine hundred twenty s. calling that. the global gold standard i think that really is extremely misleading during the classical gold standard of the nineteenth century which ended at the beginning of world war one broadly speaking you had a mechanism that tended to control global imbalances as well as keep prices stable that is when gold flowed into a country credit conditions were loosened and when gold flowed out credit conditions were tightened and as i said this was a global mechanism that countries followed willingly in the one nine hundred twenty s. we had nothing like that we had the united states and france for example sterilizing gold inflows that means essentially you had countries hoarding gold and not. using the flow of gold as a vehicle to keep global imbalances in check so that's the classical gold standard broke down entirely after world war one it was never a buy well let me ask you something because you've written about digital representations of gold in which you can pay for goods and services across borders doing

global reserve currency it was fixed to gold at thirty five u.s. dollars per ounce the federal reserve started gathering other countries gold for safe keeping giving them certificates in exchange but in the one nine hundred seventy s. the link between the dollar and the gold was cut and the world moved from gold standard to a paper money system since then the dollar has been printed out of thin air and the banking system has been expanding and all the debts have been soaring and there's a growing feeling the dollars days are numbered meanwhile china is pushing its you one to become the new international reserve currency and beijing's being gobbling up gold on mass the speculation it could be holding up to ten thousand tons in its reserves aussies venture capital show host kitty pilgrim. sadly chinese buyers have been snapping it up because it's cheaper price means they currently consider a dog good also feeling demand is a desire for physical assets instead of bonds or betting on foreign exchanges so here we go then these other countries are the world's largest gold reserves although it's actually suspected that china has far more than these official figures suggest it may eve