The Dollar's Dominance is Diminishing

The day after Christmas, the Chinese yuan, also known as renminbi, rose to an all time high against the U.S. dollar. Today, China and Japan have tentatively agreed to start trading of their currencies directly, leaving the Dollar out of the equation. This is yet another step in the process by which federal reserve notes will be replaced as the world's reserve currency. It's not a question of "if" but rather a question of "when".  For anyone who is paying attention, it's easy to read the writing on the wall.  


If most of your savings is in dollars or dollar denominated assets, are you prepared for a future in which the U.S. dollar's purchasing power is greatly diminished?


To read more about this new agreement between Japan and China - CLICK HERE!

Will the Yuan Gain 10 Percent Against the Dollar This Year?

Few doubt that the yuan, or renminbi (RNB) will continue to appreciate, relative to the US dollar. The question is, "How much, how soon?"

The level of the yuan is determined by the People’s Bank of China..for now.

And although I would never want too much of my savings to be in fiat currency, I'm going to continue diversifying what currency I do save by trading Federal Reserve notes for RNB!

To read an interesting article with more details about what the future may hold for the yuan - CLICK HERE!