From the initial gold backed yuan story in the Nikkei Asian Review to the gold convertible on the Shanghai Gold Exchange hype, to the oil producers will swap their Yuan for gold and create massive demand pump (Gold’s Game Changer) to a Yuan denominated oil futures contract, Smaulgld covered it and noted from the beginning of these gold pumper delusions that all that was EVER planned was a yuan denominated oil futures contract.
GAME CHANGER! Gold Up $.90 as GOLD BACKED YUAN set to launch!
So everyone who bought a yuan demoninated oil futures contract last night is going to buy #gold once they realize the contract is not “gold backed” or exchangeable for gold in the Shanghia Gold Exchange? @KoosJansen
Tonight we celebrate communist china, the gold backed yuan and Sun Tzu- we hail the end of dollar hegemony & all the game changers to come- let the silver shortage begin and the comex default- for it is 2018 see the Economist Cover and Schmita
#China oil contract will contain 7 oil grades for delivery: Dubai Fateh, Upper Zakum, Oman Export, Masila, Qatar Marine, Basrah Light, and Shengli (just to note NONE of these is from Saudi Arabia or Russia) #oottpic.twitter.com/oly4mf137x
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