China Rolls Out Yuan Based Oil Futures Backed By Physical Gold

[biglentil]

Spells big big trouble for the US dollar. #HotPotato

[farmaholic]

...........Trump will show them!

[farmaholic]

Isn't the US $ backed by hope, good will and faith. Isn't that enough for the house of cards built on a sand economy to survive on?

[ajl]

Trust China to ship you physical gold when called for? Don't hold your breath. Another smoke and mirrors trick from China to mask the fact that their economy is imploding.

[biglentil]

Trust China to ship you physical gold when called for? Don't hold your breath. Another smoke and mirrors trick from China to mask the fact that their economy is imploding.

Contracts are settled through the Shanghai Gold Exchange the worlds largest physical gold exhange.

Try getting any physical gold out of the US Comex. Instead you'll be settled in the etf GLD which holds no physical gold just derivatives on the Comex. See the problem.

[pourfarmer]

I would have loved to hear CottonPickin's thoughts on this

Won't be good for USA

[iceman]

History has shown us that.
Whoever has the largest salt water navy also has the worlds reserve currency.


Iceman Out

[the big wheel]

The only thing. Trump will show is his little wiener to any women that wants to see it or not. Hahaha

[furrowtickler]

US dollar is back Dope and the drug cartel know as the CIA ..... opium sure helps from Afghanistan poppy fields the Taliban tried to destroy . Connect the dots ...