My latest article on Seeking Alpha – A Change In The IMF’s Special Drawing Rights Could Be A Gold Price Game-Changer
- If the Chinese yuan is accepted as a key participant in the IMF’s Special Drawing Rights, this could be a major game-changer for the U.S. dollar and thus for gold.
- Gold moves down on negative news, but doesn’t recover the lost ground on positive news.
- Being the world’s reserve currency gives the USD enormous power, which is hugely beneficial to the U.S. economy. China wants a piece of this.
- China is a much more positive force towards gold’s place in the global economy than is the U.S.
To read the full article click on the link at the top of this page.