Russia’s movement from the U.S. dollar has set forth a chain reaction causing other countries to follow in the same footsteps. In turn, China’s push for the gold backed yuan to replace the dollar holds potential to be hazardous for our economy. Learn more in this episode of USMR Market Insights with Patrick Brunson. …
Many analysts agree that the U.S-China trade war is not coming to an end anytime soon. Despite the ongoing battle between the two largest economies in the world, China and the yuan is set to become a global currency heavyweight in the coming years. Could The Yuan Replace The Dollar?- Video Transcription Coy Wells: …
Sales Manager Coy Wells explains some missing details about the U.S. China trade war, and how these details will affect day to day life. 4 Facts You Need to Know About the U.S.-China Trade War – Video Transcription Coy Wells: 00:00 Hello, my name is Coy Wells with U.S. Money Reserve’s Market Insights. Today…
Two international banks will join the proposed Chinese yuan gold fix, which is expected to be launched in less than a week, according to media reports. Wednesday, Reuters reported that ANZ and Standard Bank will be the only two international banks that will be involved in the daily gold auction, with a total of 18…
