some News we won't hear here there's a lot that isn't reported on, yet very important, and also did a very detailed calculation on as-is Numbers, just about all of them used Conservative Numbers, Sandstorm Gold Target 2012 $15.80
China, Japan to Launch Yuan-Yen Direct Trade on 01JUNE2012
https://www.thechinamoneyreport.com/2012/05/30/china-japan-to-launch-yuan-yen-direct-trade-on-01june2012/
https://www.japantoday.com/category/business/view/china-and-japan-begin-direct-currency-trading
[and some snipits]
SHANGHAI —
China and Japan started direct currency trading on Friday as Beijing marked another stage on its journey to foster the yuan’s use internationally in line with its growing economic clout.
Market participants can now swap Japanese yen for Chinese yuan without having to use the U.S. dollar as an intermediary currency, making foreign trade settlement more convenient and cutting transaction costs.
“It is also a significant step forward in the internationalization of China’s currency, supporting the growing demand for yuan payment and settlement globally,” David Liao, managing director of global markets for HSBC China, said in a statement.
The Chinese currency will be allowed to fluctuate within a 3% band above or below a daily mid-point, according to media reports. China has not publicly announced the trading band.
Earlier on Friday, China set that central parity rate at 8.0686 yuan to 100 yen, weakening from 8.0293 on Thursday.
But for the first time, China determined the rate based on an average directly from market makers, instead of using the US dollar as a base, the market operator said in a statement before trading began.
China is Japan’s largest trading partner, but about 60 percent of their mutual trade is [was] denominated in US dollars.
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You would have to research, google, such items as [ASEAN 3+10] and MERCOSUR. These are Regional groups that have been moving towards Trading bypassing the USD [BTW, some have already been doing this, Brazil and China just one example, and the Asia Tigers will PEG to renmimbi]. Consider what would be th result of the EU and Euro, the UK and Brit Pound, plus the USD, left to trade amongst themselves. The ridiculousness of using pieces of Paper would make such settlement of Trade unacceptable. There are many nations in the world today totally fed-up with WestBloc's status quo and continued Printing and more. You may have noticed there's ben something going on
I won't go too deep into this, other to say that this move with Japan and China is Major....major because Japan has worn a WestBloc [US/UK led group] Uniform since WW II, and now..... some estimate there are about 140 nations that will by pass USD Trading.....maybe some can figure out how Gold can go to $16,000 an ounce ...or current POG + 2 decimal points, 2 0's