Americans Fear Beijing, Moscow May Introduce New Gold Standard

Wednesday, May 20, 2015
By Paul Martin

SputnikNews.com
20.05.2015

China is planning to introduce the gold fixing reference price in yuan. Americans fear that China could introduce a new gold standard to displace the dollar, DWN reported.

The competition for London gold-market has grown after the Chinese Shanghai Gold Exchange (SGE) established an International Chamber of Commerce in the free trade zone of the city, providing for free capital flows, Deutsche Wirtschafts Nachrichten reported.

The central government is gradually opening up the gold market by allowing more participants to trade,” Bloomberg cited a senior gold analyst at Industrial Bank Co. in Shanghai, Jiang Shu.

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter