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Tag: renminbi

Yes, It’s Possible for a Gold-Backed Renminbi to Dethrone the Dollar

by Tim Price on December 15, 2014 [Sovereign Man Editor’s note: This letter was written by Tim Price, London-based wealth manager and editor of Price Value International.] “[W]e want to use our reserves more constructively by investing in development projects around the world rather than just reflexively buying US Treasuries. In any case, we usually lose money on Treasuries, so we need to[...]