Blog/Yuan ¥
What’s Going on with Gold?
The goldbugs are cheering that there has been a central bank buying of gold. They think somehow that this is because they are bullish on gold. What seems to be [...]
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Israel Added Yuan to Reserve Currency Portfolio
Israel has now moved to add the Chinese yuan to its reserve currency portfolio, which will create a natural hedge against the risk of insanity pushing for war by [...]
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Saudi Arabia Considers Accepting Yuan for Oil
Russia is not the only country turning to the yuan. Beijing is in talks with Saudi Arabia to begin purchasing oil with their own currency opposed to the USD. Saudi [...]
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USD v China
QUESTION: Hi Marty, You were completely right, as always, about the USD rally. When we get closer to 2032 and thus closer to China being the number 1 economy of [...]
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Central Bank Reserves – The Rise of the Yuan
QUESTION: Mr. Armstrong; I understand that your model shows that China will become the dominant economy post-2032. The IMF added the yuan to their SDR basket. Are [...]
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Dollar Manipulation by China & Japan?
The two largest foreign holders of the US debt, China and Japan, reduced their holdings of US government bonds in November compared to October. While many are [...]
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China Open Gold Trade in Yuan as Proxy for the Yuan
China keeps moving gradually to open up their economy to international forces. The People’s Republic of China has expanded the trade in gold in yuan and thus [...]
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Gold – Oil – Dollar
QUESTION: Mr. Armstrong; At the cocktail party in Hong Kong I am the one who asked you how China should proceed to make the yuan a reserve currency. You said the [...]
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Central Banks Continue to Sell Dollars to no Avail
The capital flows into the dollar are rather staggering. Central banks continue to try to sell the dollar to keep their currencies afloat. China’s [...]
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SDR – China – Dollar
COMMENT: You are wrong. The SDR will destroy the dollar as of October 1st when they include China. You will see. China will sell all its US Treasurys and buy SDRs. [...]
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