jim4silver
Silver Member
- Apr 15, 2008
- 3,662
- 495
I have posted before about countries making pacts with China to have currency convertibility (meaning no US dollar involvement anymore). Many of the BRIC countries and Japan are doing this already. Now we have Australia and New Zealand getting in on the act. There are probably even more countries than I have named doing this as well.
Over time this will have an negative impact on the dollar in my opinion which should be PM positive.
New Zealand, China in Talks on Convertibility of Currencies - WSJ.com
PS The second article was posted on Drudge today and talks about the dollar dying. Kind of interesting to me to see such an article posted on what I consider a mainstream site (I mean mainstream in a good way in that it gets tons of hits each day). Wonder how many will click on it and read it there?
http://realcurrencies.wordpress.com/2013/04/07/the-dying-dollar/
Jim
Over time this will have an negative impact on the dollar in my opinion which should be PM positive.
New Zealand, China in Talks on Convertibility of Currencies - WSJ.com
PS The second article was posted on Drudge today and talks about the dollar dying. Kind of interesting to me to see such an article posted on what I consider a mainstream site (I mean mainstream in a good way in that it gets tons of hits each day). Wonder how many will click on it and read it there?
http://realcurrencies.wordpress.com/2013/04/07/the-dying-dollar/
Jim
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