Signs China Is Making A Move Against The U.S. Dollar

USA-China-Economy-Comparison

Right now, China is the number one exporter on the globe and China will have the largest economy on the planet at some point in the coming years.  The Chinese would like to see global currency usage reflect this shift in global economic power. The Chinese are now accelerating their long-term plan to dethrone the U.S. dollar.

At the moment, most global trade is conducted in U.S. dollars and more than 60 percent of all global foreign exchange reserves are held in U.S. dollars.  This gives the United States an enormous built-in advantage, but thanks to decades of incredibly bad decisions this

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Silver Beats Gold – Asian Demand Eases but Challenges London as World Hub

silver-to-gold

Despite rallying from a 1-day low of $1310 per ounce lunchtime Friday in London, gold was still trading 1.4% down from last week while European stock markets also reversed earlier losses. Silver initially dipped 2.7% last week but the recovered to finish at $21.80 last Friday. “Asian demand for physical gold picked up briefly this week when prices fell below $1300 an ounce,” says Reuters. Today Wed October 9th, Silver

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Gold Bullion Leaps More than $50 to $1365 in September

Gold Market Update 2013

Feds Shock World By Not Tapering QE

On Wednesday September 18th 2013, gold bullion skyrockets in late trading more than $50 to just over $1,365.

Soaring approximately 4% on Wednesday after the Federal Reserve bucked expectations by not tapering its $85 billion monthly bond-buying program known as quantitative easing, or QE. After hovering above and below $1,300 in anticipation of

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Silver and Gold Sales fromthe US Mint Skyrocket to 500/1

silver-to-gold

Precious metals experienced a huge lull in sales and spot in April of 2013, however a new trend has surfaced in the Gold & Silver Eagle market.  The demand for both precious metals coins remained strong in the first four months of 2013, however now people are significantly purchasing more Silver Eagles — leading to an expected higher percentage gain in silver than gold in the near term.

The ratio was

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