An international market analyst believes this could be a monumental moment for gold - China’s introduction of the gold backed petro Yuan is the beginning of gold standards for trade in a new form. Gold is becoming less of a commodity and more of a currency as the contract is backed by nothing other than gold. If this move takes hold, gold has the potential to go up by several folds.
In the first two months of trading the petro yuan accounts for 12% of global oil sales already.
All adds to the excitement of the Calidus adventure!
An international market analyst believes this could be a...
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