And now, when weighed down by the pains and aches of old age, when the head inclines to the feet, when the beginning and ending of human existence meet, and helpless infancy and painful old age combine to- gether--at this time, this most needful time, the time for the exercise of that tenderness and affection which children only can exercise towards ...
- Currency war to escalate. If China were to partially back its yuan with gold it would require a gold price of $64,000 per ounce, 50 times gold bullionâs price today, according to a recent article from respected Bloomberg Intelligence. It seems like an outlandish forecast.
Allowing the market to take the exchange rate to that value could potentially devastate China's domestic economy, but it's an expensive â and potentially impossible â task to fight the market now that the yuan is a global currency.