Double Down with Max & Stacy: The Real Reason Behind the New Yuan Gold Fix

Double Down with Max & Stacy: The Real Reason Behind the New Yuan Gold Fix

Posted on May 4, 2016 by Stacy Herbert — No Comments ↓

China has recently introduced a new yuan priced gold fix. Within a week of the new fix being introduced, Russia and China announced a new gold trading platform. Most Western central bankers and commentators claim gold is a barbarous relic, a pet rock, a cabbage patch doll, so why all these moves in the gold market? Double Down asks Austrian economist, Sandeep Jaitly, to explain the purpose of a fix and what the gold moves by Russia and China might tell us about the current fiat money system.

MP3 AUDIO : Right Click, Save As…

Leave a Reply