Commodity Trade Mantra

Posts Tagged ‘Dollar against Gold’

Will China Decide to "Beggar its Neighbours" and Play The Gold Card?

Will China decide to “beggar its neighbors”, the US and Europe? The only way that the US might counter the Chinese move, would be to revalue gold in Dollars; which is to say, the US would have to effect a corresponding devaluation of the Dollar against gold, to nullify the effect of the Chinese devaluation of the Yuan against gold.

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