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Petro Yuan And The Global Economic Reset

Published 04/09/2018, 02:47 AM
Updated 07/09/2023, 06:32 AM
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The opening on the stock exchange of the petro yuan on March 26 was a success for the Chinese, beginning a strong competitor for the petro dollar.

The petro yuan, whose currency is backed by futures contracts of black gold and yellow gold from the Shanghai gold exchange, makes it a more stable currency than the dollar. This also favors China for the stability it needs to carry out the project of "the new silk road".

Everything points to a global economic reset, going back to the years before breaking the bretton woods treaty in 1971. Where the currencies were backed in gold, this way economic stability was protected.

We are seeing great changes in the main governments of the G20, where we see that a project was submitted to the congress of the United States to define the dollar as a fixed weight of gold, as you can see in the image below.

G20 Governments

The changes are taking place, it is observed how massive gold purchases are being made by countrys of the G20 in order to protect themselves from a global economic crisis.

It should be noted that it is important to protect your investment and begin to follow the big ones, start investing in gold and silver, since in times of crisis, it is the refuge asset that has proven to be the most efficient in the entire world economic history.

There are other innovative ways to acquire gold these days, especially with the use of blockchain technology and cryptocurrencies supported in gold or silver such as xaurum (XAUR).

If you are going to acquire other cryptocurrencies such as Bitcoin or Ether, they will be very volatile in these weeks, so it is good to make periodic changes of your bitcoins towards the xaur or another similar altcoin, in this way you take care of the volatility.

It is important to continue observing the price of gold these days and if it rises steeply you should pay even more attention.

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