Commodity Trade Mantra

Posts Tagged ‘British Pound Sterling’

Will the US Dollar Die as "New World Money" Goes Live Today? Should I Buy Gold?

Today, Sept. 30, is when the IMF officially adds the Chinese yuan to its basket of currencies comprising its special drawing right (SDR). It has enormous long-term implications for the dollar. Does that mean the dollar becomes worthless overnight? Of course not. This is a development with long-term implications, and that’s the point — the dollar will die — but with a whimper, not a bang.

Mainstream Media "The Domination Of The US Dollar Is Coming To An End"

Reserve currencies come and go. So will the dollar. According to SWIFT, China’s renminbi is now the second most used currency in the world for global trade settlement, putting it ahead of even the euro. It’s happening. And based on the data, it’s completely obvious… to just about everyone but the US government.

How Much Longer Will The US Dollar Be The Reserve Currency?

The dollar is very susceptible to losing its vaunted reserve currency position by the first major trading country that stops inflating its currency – China understands what is at stake; it has increased its gold holdings and has instituted controls to prevent gold from leaving China.

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