Dear Fellow Investor,
Since March 2018, China started purchasing oil in gold-backed yuan.
By December 2022, Foreign Minister Wang Yi stated that Chinese-Arab relations experienced a "historic improvement." after arab nations ditched the dollar to trade with China.
On June 6, 2023 China told its banks to slash interest rates on US dollars.
It makes sense that China would work hard to end their reliance on the dollar. After all, we are their greatest adversary.
But the problem is… scores of countries are following China's lead - abandoning the dollar to trade in alternative currencies.
Iran is opting for Euros. Argentina, Bolivia, Venezuela, and Brazil are using the yuan to trade with China. And others are even using gold…
That's why CNBC recently reported that, "Calls to move away from the U.S. dollar are growing."
If this isn't on your radar yet, it should be - because this could have a massive impact on your investments as this trend continues.
Get all the details here.
"The Buck Stops Here."
Dylan Jovine
Chairman, Behind the Markets
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