gold backed yuan | Keiser Report – Bloomberg Intelligence suggest gold backed yuan see gold at $64,000 per ounce Its squire the Petro-Dollar is undergoing demise. The Ukraine War is the USDollar Waterloo event. The Saudi rejection of the USD in exclusive oil payments will be the crash heard around the world. Gold-Backed Petro-Yuan China’s Not-So-Secret Trade War ... Apr 05, 2018 · The gold-backed petro-yuan has the potential to be weaponized by China, and in a hurry. If and when there is actual blood drawn in this war of words, China now has an active mechanism to truly challenge worldwide dollar hegemony. A trade war could be just the thing to get them to deploy massive resources to accelerate the process. Will the Gold Backed Petro Yuan Overtake the Petro Dollar ... Mar 19, 2018 · Please join Jay Taylor as he interviews David Jensen on the upcoming Gold Backed Petro Yuan and how it will effect global trading. The discussion goes further on why the fed was created and how gold played a role pryer and after the U.S. Petro Dollar.
The US dollar is being challenged by China's oil-futures trading market that opened last month. If the Saudis sell more of their oil to China, the yuan-denominated oil contracts and the launch of the gold-backed petro yuan could be a serious blow against the US petro dollar as the world's reserve currency.
Gold-Backed Chinese Yuan to Replace USD as Reserve Currency Nov 18, 2015 · Max Keiser: China secretly hoarding gold and will unleash crypto backed by metal and destroy USD - Duration: 16:16. Kitco NEWS 296,743 views China’s petro-yuan oil contracts surge as US sanctions hit ... Aug 07, 2018 · US sanctions on Iran pushed China's yuan-denominated oil futures contract nearly five percent higher, the biggest daily move since the petro-yuan's inception in March. The main contract SC1809 closed at 537.2 yuan per barrel, rising by 25.5 yuan or 4.98 percent, according to Shanghai International Energy Exchange. China To Test Trade Petro-Yuan Oil Contracts THIS WEEKEND ...
Experts say there?s no reason to think the launch of the petro-yuan will immediately end the dominance of the petro-dollar, according to Pepe Escobar of the Asia Times. He writes that the end of the petro-dollar depends on many variables, with the most important being how China controls the global oil market.
7 Aug 2018 Chinese yuan-backed oil futures contracts hit their daily limit with a crude oil futures contract that is priced in yuan and convertible into gold. 6 Apr 2018 The petrodollar is backed by Treasuries gold. The launching of the petro-yuan could be a “wake up call” for the United States. Moving. 26 Mar 2018 China has just launched the petro-yuan, a gold-backed currency directly challenging the US dollar signaling the beginning of the end of the 30 Apr 2018 Since the petro-yuan is backed by gold, there is greater market confidence and acceptance besides providing another support for gold prices.
Oct 24, 2017 · The plan is to price oil in yuan using a gold-backed futures contract in Shanghai, but the road will be long and arduous. The architects of the "petro-yuan" face an uphill struggle in
Feb 23, 2018 · Darryl Panes from As Good As Gold Australia interviews Jim Rickards on how he views China's decision to purchase oil with gold in preference to US dollars pl
Feb 20, 2018 · China is rolling out a new gold-backed yuan oil contract next month as part of its attempt to replace the US dollar's dominance of that commodity trade. Should the petro-yuan supplant the US
China Moves to Destroy US Dollar As They Launch the Gold ...