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Gold-Backed Ruble, Yuan to Trigger Global De-Dollarization

© Sputnik/ Pavel Lisitsy

17:22 05.12.2015Get short URL


A gold-backed ruble and gold-backed yuan could start a ‘snowball exit’ from dollar F. William Engdahl notes, adding that it will diminish America’s ability to use the reserve dollar role to finance Washington’s perpetual overseas wars. 640 more words


China Marks Gold Reserve at Market Value

The ECB was the first central bank to value it’s gold reserves at market value, instead of a fixed value or weight denomination. Several countries have adopted this gold policy of marking gold reserves to market value. 1,878 more words

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