You are missing the point. After the last financial disaster, most countries in 2010 wanted and voted to use a trade settlement mechanism that was not tied to any one country. Hence the SDR. Most countries now hold SDRs in their reserves as they are preparing for the “reset” that will take place in October, 2016 when the yuan is added to the…[Read more]
In reply to - The Doc wrote a new post, The SDR, the RMB and Gold As history shows, the SDR has been unable to maintain value as gold has. Adding the RMB to the basket will hardly change that. Invest Your IRA in Gold Coins: […]↧
