China's Silk Road Economic Project Will Include Gold

``However, the first signs of cooperation in the gold industry along OBOR are reality, time to pay attention. On May 11, 2015, China's largest gold mining company, China National Gold Group Corporation (CNGGC), announced it has signed an agreement with Russian gold miner Polyus Gold to deepen ties in gold exploration. The cooperation will include mineral resource exploration, technical exchanges and materials supply... "Asians have a tradition of collecting gold. The gold trade is expected to become a significant component of transactions by ‘Belt and Road' countries."'' -- Although its not clear that gold is meant to become a medium of exchange in OBOR, it is interesting that this is happening at the same time multiple gold-backed virtual currencies are coming out.