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Get the details in goji our guide to surviving and Thriving During an Economic Collapse. Until next time, nick giambruno senior Editor, International Man. Owning physical golds not the only way to turn the coming chaos into huge profits. There are two tiny companies set to soar in the coming months as us-china tensions escalate. One is a leading streaming company and the other is our ticket to profit from soaring commodities prices. Learn more in this urgent briefing my team just released.
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Right now, oil is hovering around 60 per barrel. That means China is spending around 510 million per day to import oil. Gold is currently priced around 1,300 an ounce. That means every day china is importing oil worth over 390,000 ounces of gold. If we assume that just half of Chinese oil imports will be purchased in gold soon, it translates into increased demand baking of well over 60 million ounces per year—or more than 55 of golds annual production. Of course, china wont be the only country using the golden Alternative. Anyone will be able. The increased demand for gold is going to shock the market. Thats why i think the price of gold will soar. As the petrodollar dies, gold will be remonetized and China will be another step closer to displacing the. Editors Note: Owning physical golds not the only way to turn the coming chaos into huge profits. There are other practical steps you can take before the us-china conflict reaches its boiling point.
large reserve of yuan. So producers will be able to efficiently convert it into physical gold through gold exchanges in Shanghai and Hong Kong. As of March 26, countries around the world will have a genuine, viable way to opt out of the petrodollar system. Now is the time to position yourself to profit. Gold Will soar With Chinas Golden Alternative, a lot of oil money will flow into yuan and gold instead of dollars and Treasuries. I think the price of gold is going to soar. China imports an average of around.5 million barrels of oil per day. This figure is expected to grow at least 10 per year.
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The petrodollar system is why people and businesses everywhere in the nivea world take us dollars. Other countries have had little choice about it, until now. Chinas Golden Alternative, china does not want to depend on its main adversary like this. Its the worlds largest oil importer. And it doesnt want to buy all that oil with us dollars. Thats why China is introducing a new way to buy oil. For the first time, it will allow for the large-scale exchange of oil for gold. Im calling this new mechanism Chinas Golden Alternative to the petrodollar. It goes live on March. Ultimately, i think people will look back and see the golden Alternative as the catalyst that killed cream the petrodollar.
This is the essence of the petrodollar system, which has underpinned the us dollars role as the worlds reserve currency since the early 1970s. Right now, if Italy wants to buy oil from Kuwait, it has to purchase us dollars on the foreign exchange market to pay for the oil first. This creates a huge artificial market for us dollars. In part, this is what separates the us dollar from a purely local currency, like the mexican peso. The dollar is just a middleman. But its used in countless transactions amounting to trillions of dollars that have nothing to do with us products or services. Since the oil market is so enormous, it acts as a benchmark for international trade. If foreign countries are already using dollars for oil, its just easier to use dollars for other international trade, too. In addition to nearly all oil sales, the us dollar is used for about 80 of all international transactions. This gives the us unmatched geopolitical leverage. The us can sanction or exclude virtually any country from the us dollar-based financial system at the flip of a switch. By extension, it can also cut off any country from the vast majority of international trade.
China Is days Away from Killing theThey have the political might—along with the financial, technological, and physical resources—to make the new Silk road happen. With iron-willed President xi at the helm, i have no doubt theyll pull it off. Not long from now, the new Silk road will help China unseat the us as the worlds dominant global power and totally upend the geopolitical paradigm. But before that happens—within the next couple of weeks, actually—China is introducing a way for anyone who buys or sells oil to opt out of the us-dominated global monetary system. Recommended Link —, why the dollar Is Different Than the peso. Most investors know that oil is the largest and most strategic commodity market in the world. As you can see in the chart below, it dwarfs all other major commodity markets combined. Every country needs oil. And, for a short while longer, they need us dollars to buy. Thats a very compelling reason huidzorg to hold large dollar reserves.
This is historys biggest infrastructure project. The whole point is to completely re-draw the world economic map. If its successful—and it most likely will be—China will dominate eurasia. President xi announced the.4 trillion plan in late 2013. When its done, a train leaving beijing will be able to reach London in only two days. Keep in mind, the Chinese are careful long-term planners. When they make a strategic decision of this magnitude, they totally commit. Take their road system, thuis for example. Between 19 China built.6 million miles of road, including 70,000 miles of highway. In just 20 years, it built far more highway than the us has in its entire existence. In other words, the Chinese get things done.
Set to conduct its largest
Right now, if one country wants to trade with another, it basically needs us permission first. Thats because (for a short while longer) the us dollar is the worlds most important currency. The us navy also dominates the worlds oceans, controlling most major shipping lanes. But China bergman is building a new international system. Eventually, it will let China and its trading partners totally bypass the. And, as Ill explain shortly, a key piece is set to fall into place on March. Historys Biggest Infrastructure Project, the new Silk road is the centerpiece of Chinas new plan. In the coming months and years, it will include high-speed rail lines, modern highways, fiber optic cables, energy pipelines, seaports, and airports. It will link the Atlantic shores of Europe to the pacific shores of Asia. China expects to have its New Silk road fully up and running by 2025.
It could start a military war with China. And it could push the current trade battle huidzorg into an all-out economic war against China. I think a full-blown economic war is the most likely. Under President Trump, its all but certain. That said, the Trump administration seems to underestimate Chinas position—in both the short and long term. Recommended Link, take a look at this document. It was just leaked to the press. It hasnt been verified, but it comes from a very reputable source. According to crypto expert teeka tiwari, this document is ironclad proof that were on the cusp of a second boom in the cryptocurrency market A boom that he believes could make you even more money than last years crypto run-up. For the next few days only, you can get all the details gebruiken here. —, for decades, the us has been able to exclude virtually any country it wants from international trade.
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Not long ago, there was a popular joke in China that went something like, who is xi jinping? The answer was, The husband of Peng liyuan, the famous singer xi is married. Today, xi is Chinas president. He leads.4 billion people. And hell likely be the most powerful person in the world soon. As I mentioned last Wednesday, trumps new steel and aluminum tariffs are part of a larger, escalating battle between the us and China. China is rapidly displacing the us as dress the dominant global power. This shift is inevitable. Chinas economy will be twice as large as the us economy by 2030. This leaves the us with limited options. It could kick back and let China displace it as the most powerful country in the world.