In the second quarter of 2023 the US dollar’s share of global foreign exchange reserves was 58%. Down a touch lower from the previous figure we reported of 59.0% in the fourth quarter of 2020. The US dollar share of global reserves has been falling fairly steadily for the last 20 years. Down over 10 […]
Tag Archives: China
04
Aug
Aug
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 […]
19
Dec
Dec
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 […]
02
Oct
Oct
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 […]
05
Sep
Sep
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. […]
01
Jun
Jun
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 […]
06
Mar
Mar
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 […]
12
Jan
Jan
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 […]
28
Sep
Sep
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 […]
27
Sep
Sep
The Chung Kuo futuristic epic novels are meant to be a good read. Doug Casey gives his as always non-conformist, non-pc view on a comparison between China and America, by the sounds of it taking some inspiration from the books. Check out his view of how the world turns out with respect to the steady […]