September 2020
Intermediate to advanced
272 pages
6h 24m
English
book
China's Rise and the New Age of Gold: How Investors Can Profit from a Changing World
by Stephen Leeb, Donna Leeb
Content preview from China's Rise and the New Age of Gold: How Investors Can Profit from a Changing World
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
Start your free trial
12
A New Reserve Currency, Part 1
WHO, WHEN, WHERE, what, and why? As aspiring journalists have long been taught, these questions should be answered in every story they write. In predicting a new monetary reserve system that will propel gold to new heights, I should answer them as well.
The “who” is China. The “when” is sometime in the not too distant future. The “where” is at the very least in the East and possibly beyond. The “why” is China’s determination to get out from under the tyranny of the dollar and put in place a system that will avoid any replay of the catastrophe that unfolded in 2008.
This leaves the “what.” If China were simply looking to replace the dollar with the yuan, it would be simple to describe. But this is not what China ...