Tag Archives: china

China and Saudi Arabia have been negotiating to ditch the petrodollar system and allow oil purchases with the Chinese yuan. If a deal is struck, it will be a huge blow to the U.S. dollar — leaving Americans with an increasingly devalued currency.

This veteran trader isn’t paying much mind to the recent pressure gold has been facing, insisting that the metal remains as solid of an investment as ever. See why he’s not concerned about the yellow metal in this week’s News to Know.