RE:RE:RE:Is this why shares price were dropping ? Not sure the US dollar will continue to rise ...
End to dollar hegemony
The Russian move to price in rubles its large oil exports to world markets, especially Western Europe, and increasingly to China and Asia via the ESPO pipeline and other routes, on the new Russian oil benchmark in the St. Petersburg International Mercantile Exchange is by no means the only move to lessen dependence of countries on the dollar for oil. Sometime early next year China, the world’s second-largest oil importer, plans to launch its own oil benchmark contract. Like the Russian, China’s benchmark will be denominated not in dollars but in Chinese Yuan. I
Step-by-step, Russia, China and other emerging economies are taking measures to lessen their dependency on the US dollar, to “de-dollarize.” Oil is the world’s largest traded commodity and it is almost entirely priced in dollars. Were that to end, the ability of the US military industrial complex to wage wars without end would be in deep trouble.
Finally about gold,China is set to Start Yuan-Based Gold Price Fix in April: Game Changer?
Not sure they will be able to keek the gold price that low with "Paper Gold" ...
1200 USD may be a low price to buy !