China Just Attacked the USD
China just took the next big step towards dethroning the dollar as #1 global currency. And the weird thing is – it could send gold soaring. Here's why...
For decades, countries have paid for oil with the petrodollar, which supports the U.S. dollar's value. The system has been critical to the USD's stability.
But now, China is upsetting everything. It began in June of 2017, when Beijing started to buy oil from Russia in yuan – thus establishing the "petroyuan".
Then China sought the same agreement with other nations. But they found that most weren't as receptive as Moscow to such a deal, because the yuan is still too unestablished. However, China has an ingenious solution: Back the petroyuan with gold.
Gold is MUCH more attractive around the world than the yuan, so these new gold-backed contracts are opening the door for the petrodollar to be overturned... PERMANENTLY.
How to Leverage China's Global Reset to Gold
For you, China's gold-backed petroyuan may be good news or bad news.
If your savings are heavily backed in dollars, consider this a huge warning. As the petrodollar system crumbles, so may the value of the USD.
But there's one asset that could benefit handsomely: physical gold.
For the first time since our nation abandoned the gold standard, physical gold is being reintroduced to the global monetary system in a major way.
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To your future,
Birch Gold Group
Peter Reagan is a financial market strategist at Birch Gold Group. As the Precious Metal IRA Specialists, Birch Gold helps Americans protect their retirement savings with physical gold and silver.