While the recent raft of Sino-Saudi trade agreements benefited Chinese soft power in protecting Xinjiang, and the Saudis by diversifying their economy, China’s slow intertwining with Saudi Arabia complements the Sino-Russian alliance. Primarily, its benefits could lead to a realistic threat to the petrodollar. The Persian rival who showed the way In 2012/2013, the US Treasury…
The topic is an “Islamic view of the modern international monetary system and our anticipation of the replacement, in toto, of bogus paper-money with even-more-bogus electronic, digital, virtual money in the not-too-distant future. We should prepare for that monetary Guantanamo by stocking-up on gold and silver coins, and we should also prepare ourselves to defy…
Trading in local currencies has already started — and lays the groundwork for facilitating BRICS transactions in gold Recent progress made in streamlining trade in local currencies has brought Moscow and Beijing closer to creating a financial architecture that could facilitate transactions in gold. As we reported last week, Moscow and Beijing took another step towards…
We have recently had some significant news about the sovereign gold market that makes the unclarity even more unclear. Central banks and the BIS in Basel go to great length to tell the world absolutely nothing about their gold dealings. All transactions are carried out covertly and no central bank ever has an official audit…
One concern of retail precious metals investors is the possibility of a gold confiscation. Imagine having the forethought to buy gold to shield your finances from an economic or monetary crisis—only to have it taken away from you by your government. You’d lose not just the protective buffer you put in place but potentially a…
Many years ago, before the invention of modern money or capitalism, people still had wealth – although limited. And they still had ways of keeping track of it. The principle of “fair trade” seems to be in our DNA. If you give something to your neighbor, you don’t expect him to hit you over the…
