In These New Times

A new paradigm for a post-imperial world

China’s Yuan to be gold backed?

Posted by seumasach on July 26, 2013

China’s Yuan Set To Become Global Reserve Currency With Gold Backing?

Gold Core

Recent media reports in China and Russia suggest that China is continuing to consider backing the yuan with gold. Since 2005, we have said that such a move by China was likely as China seeks to become a superpower and lessen and undermine U.S political dominance. We have in the past discussed the possibility of the Chinese pegging their currency to gold bullion.

Read article

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: