This party could be over very soon now:
World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
"We are trying to verify this information. If it is true - to call it The Groundbreaking will be the understatement of the year. Welcome to the Currency Wars at its Prime.
Now all recent Japan and China rhetoric about the "territory conflict" will be put in the very dangerous context. Will They dare to make The War to protect the Status Quo for the doomed "Reserve Currency of Choice" - US Dollar?"China’s Yi Warns on Currency Wars as Yuan in ‘Equilibrium’
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