Peter Reagan, a financial market strategist at Birch Gold Group, is predicting a death blow to the US Dollar and its domination in markets around the world.
On March 26 China will finally launch a yuan-dominated oil futures contract. Over the last decade there have been a number of “false-starts,” but this time the contract has gotten approval from China’s State Council. Read more on Newsmax.com
Mr. Reagan is also predicting a US gold renaissance:
Amongst all the trouble ahead for the dollar, there are some good news too. The U.S. might have ditched the gold standard in the 1970’s, but with gold making a return to world headlines… we could see a resurgence.