Category : Change of Money
Swiss government increased its investment in physical gold and turns away paper gold backed by the US dollar ; consumer prices rose with inflation reaching 2% for the first time in six years in the United States ; Russia lodged a complaint with the WTO against US customs duties.
Governments and investors take refuge in physical gold ; Russia achieves its goal: OPEC agrees to increase oil production ; Greece benefits from "historic" debt relief agreement.
Russia is investing massively in gold after getting rid of its US Treasury bonds; a South Korean exchange of crypto-currencies has been hacked for 30 million dollars; the EU taxes US imports at 25%.
The african leaders will debate on the integration of the yuan as a reserve currency, the growth of the bitcoin in 2017 is due to the manipulation of the market, thanks to the United States, Russia and China increase their gold reserves at lower cost.
Countries extract their gold from american safes,venezuelan hyperinflation reaches new record,Sino-Russian giant pipeline of 3000 km will be operational for 2019.
The South Korean stock exchange has been hacked which has led to a loss in value of the crypto currency which is now trading around $6647.
The Chinese government makes large efforts to boost his currency as a global currency. After the repression of capital outflows and the devaluation in 2015, the renminbi is growing again.
If the Italian government leaves the euro, it could be the end of the common currency.
China will launch yuan futures on the London metals market in order to impose its currency against the U.S. dollar.