1st September, 2017
DENPASAR, Indonesia — China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into gold in what analysts say could be a game-changer for the industry.
Posts Tagged ‘decline of dollar’
China sees new world order with oil benchmark backed by gold
Posted by seumasach on September 3, 2017
Posted in Currency Wars, Multipolar world | Tagged: Chinese soft power, decline of dollar, gold-backed yuan | Leave a Comment »
Moscow, Beijing prepare for trade in gold
Posted by seumasach on July 16, 2017
14th July, 2017
Russia’s largest, state-owned bank Sberbank announced on Thursday its Swiss subsidiary had begun trading physical gold on the Shanghai Gold Exchange.
Posted in Uncategorized | Tagged: decline of dollar, new | Leave a Comment »
Putin rejects ‘dollar dictatorship’
Posted by seumasach on November 25, 2014
tin: Russian Economy Won’t Be Dominated by ‘Dollar Dictatorship’
14th November, 2014
MOSCOW, November 14 (Sputnik) – Russia plans to leave the “dollar dictatorship” of market oil prices and turn to using the country’s national currency and the Chinese yuan, Russian President Vladimir Putin said Friday.
Posted in Multipolar world | Tagged: decline of dollar, End of empire, Russian diplomacy | Leave a Comment »
China launches a gold exchange
Posted by seumasach on September 23, 2014
China set to win Asia gold pricing race with new exchange
18th September, 2014
SINGAPORE/SHANGHAI: China launched a gold exchange open to foreign players for the first time on Thursday, putting the world’s top bullion buyer on track to win a race to set the benchmark price in Asia.
Posted in Uncategorized | Tagged: decline of dollar, dollar collapse | Leave a Comment »
In These New Times 