Captain's Quarters

[JD400]

Gold catalyst: China aiming for 'de-Americanised world’ with renminbi replacing dollar GLD, MUX, TNR.v, GDX

"The Telegraph reports about the implementation of the China's long-term plan to diversify out of US Dollar denominated assets. UK trade delegation was recently visiting China and making a lot of deals with the message that "we would like to be the part of The Growing China Story".
It is interesting that Alasdair Macleod is quoted by the mainstream UK paper now. The mega trend and major geopolitical shift is making it to the surface now, US Dollar is losing its status of Reserve Currency Of Choice. With this perspective in mind China's appetite for Gold, Copper, Lithium and other commodities is making a lot of sense."

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