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China Prepares Death Blow to the Dollar

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Expiration: 
Tuesday, March 31, 2020 - 04:30

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Background 

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.

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Submitted by AviG on Fri, 03/23/2018 - 04:45