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Posts Tagged ‘gold’

How is Bitcoin the Hardest Asset?

How is Bitcoin the Hardest Asset?

Skipping the obvious joke—  We are not talking about something tangible verses digital and even some traditional definitions such as from investopedia.com: A hard asset is a tangible or physical item or resource that an individual or company owns. Often, the value of hard assets moves in the opposite direction of the value of soft [Continue]

China Buys Oil With Gold-Backed Yuan Instead of USD

China Buys Oil With Gold-Backed Yuan Instead of USD

China is the world’s largest buyer/importer of oil (it passed the USA in 2017) and today made their first purchase of oil crude-futures contracts based in gold-backed Chinese Yuan instead of the USD. This creates an Asian oil benchmark and allows oil exporters to bypass USD denominated benchmarks by trading directly in Yuan. In addition [Continue]