The Rising Influence of Rising Affluence

[biotech_researcher]

Probably the most important news of the year in the energy space and certainly beyond if true. Gold should rally on this as well.

“China will 'compel' Saudi Arabia to trade oil in yuan — and that's going to affect the US dollar

China will "compel" Saudi Arabia to trade oil in yuan and, when this happens, the rest of the oil market will follow suit and abandon the U.S. dollar as the world's reserve currency, a leading economist told CNBC on Monday.”

Read more: https://www.cnbc.com/2017/10/11/china-will-compel-saudi-arabia-to-trade-oil-in-yuan--and-thats-going-to-affect-the-us-dollar.html