Gold Standard? China reportedly planning to back the Yuan with Gold

According to media reports of early July, the People's Bank of China is mulling the possibility of phasing out the dollar as the reference currency for the yuan exchange rate, and to start using gold as the reference point.
The reports have not been confirmed officially, but analysts are warning that the step, if taken, will weaken the yuan and destabilise China's already troubled economy, ultimately provoking a new bout of the economic crisis worldwide.
Beijing's possible move to back the yuan with gold would not be meant as a strategic measure to strengthen the national currency and increase its attractiveness as an investment medium. Rather, it would be a flaunt aimed at demonstrating to the world (and to the USA in particular) that China is capable of taking the risks associated with a departure from the dollar standard. Experts warn however that, apart from benefiting no-one, such a decision may actually have catastrophic consequences.

Separating the yuan exchange rate from the US dollar may further weaken the American currency in the long run; in addition, China's monetary policy would become very much restricted, believes Evgeny Nadorshin, chief economist at AFK Sistema.
"The yuan will start fluctuating severely against the dollar and other major reserve currencies. This will affect the Chinese economy, which currently has serious problems as it is: the export revenues are falling, and the statistics for freight traffic and electricity consumption indicate a significant slowdown in business activity," says Aleksandr Golovtsov, head of the research department at UralSib Asset Management.

Possible effect on Russia
When it comes to discussing possible consequences for Russia however, opinions differ. Aleksandr Osin, chief economist at Finam Management, actually believes Moscow could benefit from a gold-backed yuan because this would help Russia in its economic relations with China.

On the other hand, the greatest danger to Russia being highlighted by most experts would be an increase in competition from Chinese commodities, which will be offered more aggressively in the export market due to the shrinking of domestic demand. "China's demand for Russian raw materials, in particular for crude oil, metals and fertilisers, will be growing at a slower pace [than is currently the case]," Golovtsov notes.
Read more: http://rbth.asia/business/2013/07/17/...

Vanishing Dead, UFOs & Open Lines - July 19 2013 - Coast to Coast Am - C2CAM Date: 07-19-13

Vanishing Dead, UFOs & Open Lines - July 19 2013 - Coast to Coast Am - C2CAM Date: 07-19-13

George Noory interviews Joshua P. Warren, Open Lines Follow.

About the show:

George Noory welcomed paranormal investigator Joshua P. Warren, who reported from Puerto Rico on bodies vanishing from local cemeteries and how it could be related to UFO/alien activity on the island. Open Lines followed.

News segment guests: Mitch Battros / Peter Davenport

Silver, Gold, Coins, Gold Bars, What To Stash? What Type of Gold and Silver Bullion Should You Have

In this video, Doyle Shuler, author of the new book now available at Amazon, "The Definitive Guide To Storing Gold and Silver: Must Know Secrets To Insuring The Safety of Your Metals and Yourself"
reviews the types of precious metals you should have in your "personal stash".

Should you have; gold coins, silver coins, silver eagle coins, gold eagles, silver maple leafs, gold maple leafs, gold bars, silver bars, Johnson Matthey silver bars, Johnson Matthey gold bars, Englehard silver bars, Englehard gold bars, Credit Suisse gold bars, Credit Suisse silver bars, generic silver rounds, generic gold rounds, NTR silver bars, NTR gold bars, junk silver, 90% silver, bags of junk silver, and on and on it goes. How do you know what you should have in your personal gold and silver stash?

In the book and in the video, Doyle Shuler reviews the various options that you should consider for your personal stash and WHY. The why is key. You don't want to make a mistake here. This is very important. You need to know this information.

You can find out much more in the book now available on Amazon: "The Definitive Guide To Storing Gold and Silver: Must Know Secrets To Insuring The Safety of Your Metals and Yourself"

Silver, Gold, Coins, Gold Bars, What To Stash? What Type of Gold and Silver Bullion Should You Have