Commodity Trade Mantra

Posts Tagged ‘Commodity Currency’

Russia's Dollar De-Dollarization May Have Begun

Russia has plans to raise $1 billion in government debt next year with bonds denominated in Chinese renminbi. Not the US dollar! Uh-Oh. the de-dollarization is taking off. So what if Russia denominates their bonds (that used to be issued in dollars) in renminbi & vice versa with Chinese issued bonds? This eliminates the need to hold large sums of dollar reserves.

Gold Is A 6,000 Year Old Bubble - Citi's Dutch Strategist Throws Up All Over Gold

If gold is indeed such a worthless insignificant “fiat currency”, then why just two months ago, did Citibank rush to be “reclassified as a spot Market Making Member of the LBMA? Could it be that gold actually has some value to Citi, if nothing else than pocketing commissions from traders, now that the bank’s rigging is no longer possible?

Major Currencies and Gold - The Big Picture

Various developed nations have been able to leverage their currencies to economic or at least stock market gains, after all. What has gold done? Gold is trying to bottom here. Just as the 2011 ‘Knee Jerks’ hurt gold’s investment sponsorship greatly on a large scale, the small scale panics can be damaging on a short-term basis.

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