Loading ...Every major fiat currency is convertible to physical gold right here and now. Crazy Petroyuan analysis is going on now suggesting a major rise in the price of gold and a return to a gold standard due to China’s actions. It simply is not in the interests of any major fiat nation to return to a gold standard…that includes China, Russia, Japan, Europe, USA, etc. That would place budgetary restraints that would greatly limit their desire to spend as they desire…it would place a major restraint on them and clearly they ALL don’t want that. If, the yuan was to greatly appreciate then their exports would become more expensive and they would lose market share. If the PetroYuan caused the US dollar to greatly depreciate then US exports would become that much more competitive.
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