In this report I talk about the recent news that Russia's largest bank, Sberbank, has started dealing in physical gold on the Shanghai Gold Exchange. I also look at the threat to the dollar's status as a reserve currency from the New Silk Road plan being implemented by China
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@maneco64 great informative post i have been saying for the longest that China and Russia was planning something with the way that they have been buy gold like crazy they are trying their best to put an end to the Dollar and with the help of The Fed it wont be hard. I just subscribed to your youtube I like your point of view keep up the very useful work.
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@mrtip365 Thanks.
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I know that gold and silver have the longest track record for being currency. Do you see any other possible commodities that could be used as currency?
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nice sharing ,,upvoted...visit my posts also
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This has been in the works for some time.
Reference links:
http://www.zerohedge.com/news/2014-08-27/gazprom-begins-accepting-payment-oil-ruble-yuan
http://www.zerohedge.com/news/2016-01-12/demise-dollar-hegemony-russia-breaks-wall-sts-oil-price-monopoly
And more recently:
http://www.zerohedge.com/news/2017-06-29/qatar-begins-turning-its-back-us-dollar
Between settling energy contracts in Rubles/Yuan, the AIIB (Asia Infrastructure Investment Bank) is actively pursuing policies that circumvent the dollar worldwide.
Like all declining empires, the US Dollar will eventually go to its true value.
Zero.
(And the Euro too, but that will happen a bit more quickly given the dire straits of the participating economies.)
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World economy dynamics seem to be changing all the time. Nothing is set and firm. Seems like we are in an era of constant change. China wants create its own "Consortium" of countries with it being a big brother. But it has the resources to do it. Sure will be interesting to see how it all plays out.
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Ethereum may be the one to set gold/silver free...
ETH vs GOLD
ETH vs USD
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bought sberbank (SBRCY) shares in 2015, sold it a few months ago...a winner
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Any thoughts on litecoin?
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The physical gold on Gold Exchange will rise as my opinion as there is more demand on it right now.
If you don't mind, have a look at my daily Gold analysis
https://steemit.com/gold/@ohamdache/gold-needs-positive-determination-analysis-20-07-2017
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upvoted
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Comparing Russia to ISIS may sound crazy from the Westerner's perspective, but not so crazy if you live in a country bordering Russia.
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