Commodity Trade Mantra

Posts Tagged ‘Reserve Currency Status’

Silver Prices - The “Five Year Plan” and the Great Leap Forward

Five years ago paper silver contracts on the COMEX hit a multi-decade high over $48 on April 29, 2011. The low occurred at about $13.60 in December of last year, when paper silver prices were down about 70% from their April 2011 high. Silver prices will move upward to $50 and eventually to $100, depending upon the degree of dollar devaluation.

Understanding the Death of the US Dollar

Is it possible that the collapse of the US dollar as the leading reserve currency has already begun? The answer is ‘yes’. Looking at the massive flows of gold to China, the rise of a dollar competitor in the form of the SDR, and the coming inclusion of the Chinese yuan in the SDR basket, it is difficult not to conclude that the dollar collapse has already begun.

Beijing & the West Together Manipulate the Global Currency War

So why is the world of currency diplomacy now playing along with the nonsense of the IMF examining whether the Chinese yuan has met the criterion to become a reserve currency? Why is the Western world playing along with the official Chinese currency charade? Why do Western governments pursue non-market trade diplomacy so enthusiastically with Beijing?

Death Of Cognitive Dollar Dissonance & The Remonetization Of Gold

Gold, the only internationally-recognised non-national money provides the international monetary solution to an economically multipolar, globalised, competitive world. As gold again begins to circulate to settle cross-border balance of payments, it resolves the perennial floating fiat currency dilemma of ever-growing imbalances & associated ever-growing debts to finance them.

Why Most Pundits are Dead Wrong about China’s Gold

Gold is still the safest asset, and every investor should have some in their portfolio. The price of gold will go significantly higher in the years ahead. But contrary to what you hear from the pundits and read in the blogs, gold won’t go higher because China is confronting the US or launching a gold-backed currency.

The Nail In Petrodollar Coffin: Gazprom Accepts Oil Payment In Ruble, Yuan

Russia will export energy to either Europe or China, and receive payment in either Rubles or Yuan, in effect making the two currencies equivalent as far as the Eurasian axis is concerned, but most importantly, transact completely away from the US dollar thus, finally putin'(sic) in action the move for a Petrodollar-free world.

Could Dollar lose its status as the Reserve Currency Status?

For a currency to have international reserve status, the related assets must be useable with minimal transaction-price impact & have relatively stable values in times of stress. Financial stability reforms can, alongside fiscal prudence, help protect the safety & liquidity of sovereign assets & can hence play a crucial role for reserve-currency status.

14 Reasons the Dollar is Doomed, but the Devout Believe its Invincible

Cultism surrounding the US economy & the US dollar is mind boggling & by cultism I mean a blind faith in fiat currency mechanism that goes beyond all logic. Despite the childish boasting’s of the dollar devout, there is an extraordinarily possibility that its life will be snuffed out in the near term.

The Fed's 100-Year War Against Gold And Economic Common Sense

The Fed’s Real Accomplishment: When measured against gold, the U.S. dollar has lost 96% of its purchasing power since the Fed’s inception in 1913 – The Fed has many reasons for being at war with gold is the only money that exists outside the control of politicians and bankers.

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