Tag Archives: petrodollar

With the intensity of bitcoin’s recent surge, some have wondered whether the cryptocurrency is taking away demand for gold. See why Goldman Sachs says cryptocurrencies won’t hurt gold demand in this week’s News to Know.

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.

Every week, Your News to Know offers you the latest top news stories about the economy and the gold market. Here’s what we have for you this week: Putin hoards gold (video), 6 reasons to be bullish on gold, and gold still has plenty of upside, says Capital Economics. Click here to watch the video and get all the details.

As Russia faces more economic sanctions from the Obama administration, Vladimir Putin isn’t ceding the fight. Instead, he’s retaliating and has essentially declared “all out financial war” against the U.S. How might that impact our economy and the dollar? In this week’s Market Report, Vince Miller answers these questions for you and lets you know how gold can help you prepare as our currency is further devalued.

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