This Event Will Trigger China’s Launch Of A Gold-Backed Yuan And Doom For The Dollar – Audio Interview
This Event Will Trigger China’s Launch Of A Gold-Backed Yuan And Doom For The Dollar – Audio Interview – King World News
This event will trigger China’s launch of a gold-backed yuan and doom for the dollar.
Stephen Leeb: “…Once this happens, it’s done. China then becomes the de facto king of the Eastern part of the globe, which basically means they are king of the world. Now we’re fortunate and we could live under this. And I will tell you that once China’s secure in (ruling) the Eastern hemisphere, one of the first things they are going to do is switch currencies (to a gold-backed yuan).
23-Year Chart Of Commercial Trading In Gold
Although there has been a slight deterioration on the COT, it is positive from a longer-term perspective, particularly in the silver market. KWN will continue to let our global readers know what is happening with commercial positions in gold and silver. In the meantime, it will be very interesting to see how both the gold and silver markets trade in the coming weeks.