More academic types railed against the madness of an international monetary system in which global imbalances are set to widen again and the pace of reserve accumulation is accelerating.

更多学术类型严词抨击了疯狂的国际货币体系的全球失衡将再次扩大和累积外汇储备的步伐正在加快。

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And, as gold becomes a more important tool in the monetary system, central banks likely would continue their accumulation, CPM Group said.

FORBES: FOCUS: CPM Group: Turkey's Rules On Gold Deposits Could Mean 'Rehabilitation' Of Metal As Monetary Asset

The longer the Fed pursues monetary expansion, the greater the risk associated with the accumulation of these bonds.

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More academic types railed against the madness of an international monetary system in which global imbalances are set to widen again and the pace of reserve accumulation is accelerating.

ECONOMIST: Currency wars