{"id":989,"date":"2014-04-07T17:25:15","date_gmt":"2014-04-07T06:25:15","guid":{"rendered":"http:\/\/www.australian-gold.com\/blog\/?p=989"},"modified":"2014-04-07T17:25:15","modified_gmt":"2014-04-07T06:25:15","slug":"989","status":"publish","type":"post","link":"https:\/\/www.australian-gold.com\/blog\/989\/","title":{"rendered":"US Dollar dying &#8211; China&#039;s cure?"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.australian-gold.com\/assets\/images\/USD-dying.gif\" alt=\"US$ value plummeting\" width=\"550px\"\/><\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.australian-gold.com\/assets\/US-govt-debt.gif\" alt=\"A profilgate nation\" width=\"550px\"\/><\/p>\n<p><strong>More than half of the Chinese foreign reserves are in U.S. dollars<\/strong> \u2014 close to $2 trillion at this point.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.australian-gold.com\/assets\/China-foreign-exchange-reserves.gif\" alt=\"China's foreign exchange reserves\" width=\"550px\"\/><\/p>\n<p>Longer term:<br \/>\n<img decoding=\"async\" src=\"http:\/\/www.australian-gold.com\/assets\/images\/china-fx-reserves.gif\" alt=\"China's FX reserves since 1983 chart\" width=\"550px\" \/><\/p>\n<p><strong>the cure?<\/strong><\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.australian-gold.com\/assets\/chinese-gold-accumulation.gif\" alt=\"China's cure\" \/ width=\"550px\"><\/p>\n<p>(Brad, What you need to take away from this is that the Chinese hold more greenbacks (~2 trillion) and, very likely, more gold (hidden from view) than anybody besides the U.S. itself.<\/p>\n<p>Their natural tendency, as the dollar loses buying power, will be to trade one for the other.<\/p>\n<p>Dollars for gold&#8230; A depreciating asset for an appreciating one&#8230; Putting more and more tonnage of that yellow metal in their own version (or more likely, versions) of Fort Knox. And then the Yuan becomes the world&#8217;s reserve currency&#8230;.. game over\/on?)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>More than half of the Chinese foreign reserves are in U.S. dollars \u2014 close to $2 trillion at this point. Longer term: the cure? (Brad, What you need to take away from this is that the Chinese hold more greenbacks (~2 trillion) and, very likely, more gold (hidden from view) than anybody besides the U.S. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-989","post","type-post","status-publish","format-standard","hentry","category-gold-blog"],"_links":{"self":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/posts\/989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/comments?post=989"}],"version-history":[{"count":0,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/posts\/989\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/media?parent=989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/categories?post=989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/tags?post=989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}