Tag Archives: China

If/When the US Dollar Collapses, What Will Gold be Priced in?

If/When the US Dollar Collapses, What Will Gold be Priced in?

In August we reported that the global share of US-dollar-denominated exchange reserves dropped to 59.0% in the fourth quarter of 2020. This was the 5th straight year of falls and matched the 25-year low of 1995. As a result more people are thinking about a potential collapse of the US dollar. We recently had someone […]

Global Monetary System Change: Will China Take Over the Reserve Currency Role?

GLOBAL MONETARY SYSTEM CHANGE: WILL CHINA TAKE OVER THE RESERVE CURRENCY ROLE?

US Dollar Share of Global Reserve Currencies Drops to 25 Year Low The USA’s financial response to COVID19 has raised concerns over the greenback’s prospects, as emerging economies such as China and Russia continue to diversify their holdings out of the global reserve currency. As a result, the global share of US-dollar-denominated exchange reserves dropped […]

China is About to Shock the Gold Market

Over the past few months there has been quite a bit of discussion about how China looks to be preparing to release a yuan-denominated oil futures contract that is convertible to physical gold (see: The Gold Worm on the Yuan Hook). And the impact this would have on the current US Petrodollar system. This very interesting interview […]

Prospects for Gold if China Issues Oil Futures Backed by Gold

Last month we commented on how China looks to be preparing to release a yuan-denominated oil futures contract that is convertible (backed by) physical gold. Our favourite, Billionaire Hugo Salinas Price, has taken a closer look at this plan – well as much as is known about it anyway. As a result he has arrived at […]

China Begins To Reset The World’s Reserve Currency System

Some interesting news broke this week concerning the latest developments in the dethroning of the US dollar as in the world’s reserve currency system. Dave Kranzler of Investment Research Dynamics comments on the news from Nikkei Asian Review that China is preparing to release a yuan-denominated oil futures contract that is convertible (backed by) physical gold. […]

The Darker Side of Bitcoin Technology and Gold’s Next Spike

You’ve no doubt seen how the price of  Bitcoin has been flying these past few months. Jim Rickards believes that the blockchain technology underpinning Bitcoin is what we should be keeping an eye on. He thinks Bitcoin is just a “sideshow” — and that the blockchain technology is the latest weapon that will be used […]

A Massive Sell-Off Has Begun…

There is a lot of talk about the possibility of an impending stock market sell off. (May be a good reason why one will not come just yet perhaps?).  But there is a sell off going on currently pretty much unnoticed which could have a much bigger impact globally. Read on to learn what it […]

Gold: The Rate Hike Rally Continues

The US Federal Reserve Rate hike in December looks to have had a similar effect to the first rate hike in December 2015. With gold falling initially but then surprising most and rising. Stewart Thomson comments on this and also on why silver may be lagging gold currently and not moving much higher… Gold: The […]

The Biggest Monetary Transformation Since WWII

Mike Maloney explains that every 30 to 40 years the world has a new monetary system. And the global dollar standard is the worst design of all these systems — yet it’s 45 years old. So it’s way overdue for its own demise. And when this one crumbles, everyone is going to feel it. Earlier […]