Local Currencies Should Be Used In Belt & Road Financing – PBOC President

People’s Bank of China’s President Encourages Use of Local Currencies Along Silk Road. De-Dollarization Accelerates. Does This Mean GAME OVER For the Dollar? Not a Smaulgld subscriber? Sign up here. Donate To Smaulgld.com via paypal The Belt and Road Initiative “At the same time, the use of local currency will gradually reduce the dependence on Read More →

The BRICS vs. the West & Japan

brics nations gold holdings 2015

The BRICS vs. the West and Japan. How do the BRICS stack up against the western nations? What is China’s role? China’s recent admission to the International Monetary Fund’s (IMF) Special Drawing Rights (SDR’s) highlights how China straddles the world of emerging markets and established markets. China is considered the key country in the emerging Read More →

China Gold Fund To Help Central Banks Buy Gold

shanghai gold exchange fund and silk road

China Gold Fund. The Shanghai Gold Exchange Leads Fund to Help Central Banks Buy Gold. The Shanghai Gold Exchange and about sixty countries along the Silk Road Economic Belt will raise about $16 Billion for a gold based fund. The Shanghai Gold Exchange led fund will also invest in gold mining projects along the silk Read More →

De-Dollarization Accelerates With Treasury Bond Sales and Creation of the AIIB

Chinese U.S. Treasury holdings chart

De-Dollarization and the Asian Infrastructure Investment Bank. As de-dollarization continues, paradoxically the dollar is rising. Fed talk still trumps international actions. Update January 5, 2016: China to launch Yuan Gold Fix De-dollarization accelerates while the U.S. Dollar Index (DXY) also rises. The DXY has risen nearly 20% the past year despite an acceleration of de-dollarization Read More →