IS GOLD MONEY???

And Germany isn’t alone. There’s talk that the Netherlands and Azerbaijan will also repatriate gold reserves. China , the second largest global economy but the sixth largest holder of gold, according to the World Gold Council , is increasing its gold reserves, Rickards tells The Daily Ticker. “If the Chinese repeat their pattern I expect late this year or early 2014 the Chinese will announce, ‘We’ve got 3,000 tons or maybe 4,000 tons.’ That will be a shock because suddenly the world will wake up and say why is China buying all this gold?" says Rickards. He says the the reason is obvious: “Gold is the real base money.” Rickards is bullish on gold short term and says gold prices will rise the most in currencies that are weakening the most.“Germany is saying that gold is money,” says Jim Rickards, author of Currency Wars: The Making of the Next Global Crisis . Otherwise, says Rickards, they would just l