Is China Preparing A Gold-Backed Yuan: Beijing Greenlights Purchases Of Billions In Bullion - Red State Talk Radio

Is China Preparing A Gold-Backed Yuan: Beijing Greenlights Purchases Of Billions In Bullion – Red State Talk Radio

Image by SSYoung Please Follow us on Gab, Minds, Telegram, Rumble In 2018, the Chinese launched a gold-backed, yuan-denominated oil futures contract.  These contracts were priced in yuan, but convertible to gold, raising the prospect that “the rise of the petroyuan could be the death blow for the dollar.” Two weeks ago, The IMF reported that the global share of… Continue reading Is China Preparing A Gold-Backed Yuan: Beijing Greenlights Purchases Of Billions In Bullion

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