Russia’s Plan for a New World Currency

Russia’s Plan for a New World Currency

Fergus Hodgson, May 28, 2019

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Russia and China have been accumulating gold for years, but observers are at a loss to explain why.

Byron King, a geologist with Rickards’ Gold Speculator, argues they are planning for a new monetary system. The United States has weaponized the dollar to enact sanctions and police world trade, so naturally those superpowers want an alternative, he explains.

In his view, the days of the dollar as the world currency are numbered, and gold offers the best hedge against the looming shift.

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