Not About Gold – All About The Dollar
As China’s role in international trade has grown, so, too, has the attention paid to its currency.
The past couple of years have seen the Yuan strengthen vs. the US dollar but it probably isn’t a viable alternative to the US dollar.
The Yuan has also been suggested as an alternative to the dollar for international pricing of gold. That, too, is unlikely to happen.
Whether it does or doesn’t, though, is irrelevant as far as any expected changes in gold.
Conclusion
The US dollar is the world’s reserve currency. That isn’t likely to change soon – unless there is a calamitous implosion of the dollar. A calamitous implosion implies outright rejection and repudiation.
That could happen, of course. The problem is that there isn’t another currency that could likely take the place of the US dollar. By the time any potential calamity becomes a reality, any possible candidates would likely be in worse shape.
Other alternatives…
