This Zerohedge article makes the case that the only way for China to avoid a stagnant economy is to back the Yuan with gold. Further, the only way the Yuan can become the global reserve currency and destroy the dollar is to back the Yuan with gold. I believe this is the real issue between Trump and Xi, the trade fight is only the surface reason for tariffs, the underlying reason is a war of currencies. One thing is certain, if China backs the Yuan with gold all fiat currencies around the world will go the way of the Venezuelan bolivar, a swift trip to oblivion.
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