The Curious Case of the Gold Backed Yuan Story Just Got Curiouser
The Idea of a Chinese Yuan Oil Contract Convertible into Gold Predates the September 1 Nikkei Asian Review story. GoldMoney published an article on August 24 predicting that such a contract would be convertible into gold from the Shanghai Gold Exchange. The story shifted in mid September to “gold would be sourced from outside China” … Continue reading The Curious Case of the Gold Backed Yuan Story Just Got Curiouser
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