buy gold and silver bullion

Friday, October 27, 2017

Dollar Under Threat: China Readies Yuan Priced Crude Oil Benchmark Backed By Gold


The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan.