More cracks appear in China’s economy and another warning from a People’s Bank of China governor. Gold Backed Yuan Story Continues to be Peddled. The Economy of China is Based on the Dollar. Counterfeit Royal Canadian Mint gold sold at Royal Bank of Canada. South Korea to Regulate Bitcoin as a Commodity. CME Group Announces … Read More →
Analyzing each piece of “news” from the perspective of its impact on gold often leads to faulty conclusions and wildly incorrect predictions. Smaulgld discusses on Wall Street for Main Street You can buy Bitcoin, Ethereum and Litecoin through Coinbase. Click HERE to open a coin base account and get $10 of free Bitcoin.* Check out … Read More →
People’s Bank of China’s Governor warns of potential sharp correction and Minsky Moment. Venezuela lets $1.7 billion gold swap with Deutsche Bank Lapse. China Issues $2 billion in Dollar Denominated Bonds – 11X Oversubscribed. China hopes its State Owned Enterprised US Dollar borrowing costs will be lowered. China to purchase 24% of all Chinese residential … Read More →
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” … Read More →
China has Announced NO plans for a gold backed or redeemable Yuan. Since the appearance of the gold backed Yuan story in the Nikkei Asian Review NO Source of a Chinese announcement has been cited Many analysts and commentators have reported the story as something ‘China announced”. Recent variants of the “gold backed Yuan” story … Read More →
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