In 2012, Richard Russell wrote an article stating that the Yuan could possibly become the new reserve currency. How?
China was aggressively acquiring gold to make the Yuan the new reserve currency. In the article, Russell stated that China was concerned about the "paper"assets they had acquired and secretly began purchasing gold. At that time, it sounded ridiculous and of course, no one took them very seriously.
But in 2015, the idea doesn't seem so ridiculous because China is now dumping U.S. Dollars, purchasing physical gold, and gold mines in other countries.
Don't believe me? Watch the videos and click here to read an article about China.
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