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Dave Kranzler: China begins to reset the world's currency system
10:57a ET Monday, September 4, 2017
Dear Friend of GATA and Gold:
Dave Kranzler of Investment Research Dynamics today joins those who see an attack on the dollar brewing in China's offering its oil suppliers the opportunity to accept payment in yuan that can be exchanged for gold on the Shanghai and Hong Kong exchanges. But will such oil suppliers seeking to convert yuan to gold in China be permitted to take their gold out of the country? That does not seem to be allowed at present, and if it is not allowed, the touted conversion will be a polite fiction.
Kranzler's commentary is headlined "China Begins to Reset the World's Reserve Currency System and it's posted at IRD here:
http://investmentresearchdynamics.com/china-begins-to-reset-the-worlds-r...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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