The Return of Gold-backed Fiat Currencies Is On The Horizon

China’s economy has been attracting a lot of attention – both positive and negative – in recent years, which has caused a fair amount of financial turmoil. There have been talks of creating a gold-backed yuan for quite some time now, although those plans have not come to fruition just yet. On the other hand, there is the China International Payment System to keep an eye on. Exciting times, or should investors be worried? The China International Payment System As the name suggests, the CIPS is a direct competitor for SWIFT in the Western world. Thanks to the country’s somewhat … Continue reading The Return of Gold-backed Fiat Currencies Is On The Horizon