The Road to #China's Monetary Ascension is Paved with #Gold. The Road to China's Monetary Ascension is Paved with Gold ~ Intel. China's Monetary Ascension Is Paved With Gold by Tyler Durden | Sep 2, 2016 6:55 PM | Zero Hedge Submitted by Stefan Gleason via MoneyMetals.com, The world monetary order is changing.
Slowly but steadily, global trade and currency markets are becoming less dollar-centric. Formerly marginal currencies such as the Chinese yuan now stand to become serious competitors to U.S. dollar dominance. Could gold also begin to emerge as a leading currency in world trade? On October 1st, the Chinese yuan is slated to enter the International Monetary Fund’s Special Drawing Right (SDR) basket of top-tier currencies. Before the yuan officially becomes an SDR currency, the World Bank intends sell $2.8 billion in SDR bonds in Chinese markets. King Dollar won’t be dethroned overnight. Yuan’s Inclusion in the SDR Currency Basket: Merely a Part of China’s De-Dollarization Strategy China and Russia have mutual geostrategic interests in helping to promote de-dollarization. U.S. officials are none too pleased. Should You Have #Gold in Your Portfolio? Independent financial advice: IRA, Social Security, income tax, and all things financial.
We had a great question come in by request this week that we address the question of whether folks should have gold in their portfolios.
Gold can be included under the umbrella of a larger asset class known as commodities. Think of commodities as items used to make or produce other items – such as gold is used to produce jewelry, circuitry and coinage, while timber is used to make lumber and paper, while coal is used to make electricity and disappoint not-so-good kids on Christmas morning (sorry, couldn’t resist). Getting back to gold, the reason an investor may want to consider it as part of their portfolio is because gold is correlated differently from the stock market. Simply put; its pricing moves differently relative to the stock market. This does not mean I’m recommending investors buy gold. Imagine a lump of gold sitting on your kitchen table. Even the great Oracle of Omaha, Warren Buffett has this to say about gold: Share, tweet, print, email, like or pin this post: Like this:
A Permaculture #Cryptocurrency. A Permaculture Cryptocurrency. Originally published on Ecopreneurist.
The use of cryptocurrency to support alternatives to the status quo is picking up steam, and while we’ve previously covered one that is backed by solar energy, one chosen by the Lakota, and another for the marijuana industry, this new digital currency promises to be the “first true asset-backed cryptocurrency on the market.” The name of the cryptocurrency is Permacredits, and the focus is on bringing millions of dollars to the funding of profitable permaculture-based projects and boosting the triple bottom line of regenerative businesses. “Permacredits are the 1st commodity backed crypto currency. This is bitcoin 2.0 in action. Permacredits or “credits” are created as a way for the world to engage in and actively support the world of Permaculture and Eco Developments while enjoying profits from that world. This interview on Bitcoin Newsbrief with Xavier Hawk, one of the founders of Permacredits, explains what they are and how they will be used: