China is prepared to trade oil for Yuan which can be converted to gold.
Silver Eagle sales surged at the end of August. What has people excited about silver?
Goldman Sachs article discussing thought on gold by chief commodities strategist Jeff Currie.
“As the central bank prints more currency, the price of the currency as measured by the real interest rate declines. The lower real interest rate, in turn, reduces the opportunity cost of holding a real asset like gold, leading the market to bid up gold prices. So at the core, gold is a hedge against debasement, which is why we have termed it the “currency of last resort.”… if debasement leads to inflation, then gold will serve as an inflation hedge.”
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