In a new 4-part video series Jim Rickards (bestselling author, lawyer, and investment banker), discusses the core topics of the 2018 In Gold we Trust report with its two authors and researchers, Ronald-Peter Stöferle and Mark Valek.
Part 1 of this interview is here, and below is Part 2 of this thought provoking conversation...
Does De-Dollarization Transform our Economic System?
Jim Rickards on "In Gold we Trust 2018" (2/4)
Topics covered include:
- Fiscal situation of the USA (2min)
- China on the way up to economic supremacy (2min)
- The role of gold in the changing monetary architecture (6min)
- Financial war of the USA (7min)
- De-Dollarization and Chinese yuan (CNY) oil supply pricing deals (14:30min)
In this part two of a four part video series, Stöferle and Rickards are discussing the role of gold in the process of De-Dollarization.
James Rickards refers to two major aspects, why gold reserves in emerging markets are increasing since several years.
As the US dollar loses purchasing power in time, the Chinese yuan gains in importance, as can be seen in the CYN Oil Supply/Pricing Deals at the end of this 2nd portion of a 4 part video series.
We have recently written about the ongoing Chinese Belt Road Initiatives, critical to note still that the main price disovery mechanism for bullion prices is still found in the COMEX / NYMEX exchanges.
Although judging by physical gold flows, the days of New York and even London mostly influencing the prices for precious metals could be ending sooner than many market onlookers and participants might think.
You can download Ronnie and Mark's In Gold We Trust Report 2018 versions below.
A bullion buyer years before the 2008 Global Financial Crisis, James Anderson is a grounded precious metals researcher, content creator, and physical investment grade bullion professional. He has authored several Gold