So far, it seems that China is gaining influence with the way to handle the international currency situation. More and more countries are opting to keep their currencies low, preventing them from gaining more value.
Now lets see if our tariffs imposed on Chinese goods last week was enough to force the Chinese to allow an increase in the renminbi value.
The longer this goes on, the higher gold prices will go.
There is a harsh reality that no one wants to face about our global financial situation, but everyone knows it’s coming. Central banks have been buying more gold than they have been selling for over a year now. There’s a reason for this.
Read the report by the New York Times here;
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