Gold Price Surges As Chinese Analysts Suggest Denominating Trade in Gold If There Is Conflict With U.S.

(Note: Thank you for supporting American businesses like the one presenting a sponsored message below, which benefits Vigilant News. We appreciate your support!)

Gold prices surged to $1,981.42 at the end of last week, nearing the all-time high:

This comes as Chinese analysts looked at how the U.S. implemented sanctions on Russia after the Ukraine conflict — and said gold could be a way to insulate China from the effects of U.S. sanctions.

Reuters reported:

In a war with the U.S. over Taiwan, China would need to create a global network of companies under U.S. sanctions, seize American assets within its borders, and issue gold-denominated bonds, according to Chinese government-affiliated researchers studying the Western response to Russia after its invasion of Ukraine . . .

. . . Sun Xiaotao, a CCIEE researcher, published an article in February that argues China should push for more gold-denominated trade to prevent major fluctuations of the yuan – echoing the Russian central bank’s decision to increase its gold reserves by one million ounces since the Ukraine war began.

Should China denominate trade in gold, that would be a game-changer for the U.S. dollar and the price of gold.

And it isn’t just foreign countries who are moving to hold more gold — many Americans with retirement accounts are doing the same thing. 

In fact, so many Americans are moving retirement accounts to precious metals that some companies have had a hard time keeping up with demand.

Genesis Gold Group a faith-driven precious metals company, has been able to keep up with demand because their executives anticipated the surge and have leveraged their relationships to seamlessly keep the flow of wealth going into their customers’ depositories.

Plus, by rolling over any of the various types of retirement accounts their customers currently have, Genesis Gold Group has simplified the process of securing the life’s savings of countless Americans.

This isn’t “paper” or “virtual” gold or silver; Genesis Gold Group customers can physically see their precious metals at their convenience. And when it comes time to take a disbursement, they can convert to cash or have their precious metals shipped directly to their homes.

Click here to reach out today.

Genesis Gold Group was given 5 stars by reviewers on the Better Business Bureau website. Here is what some of them say:

“With the downward turn in the market, I have been wanting to transfer my IRA to gold/precious metals. I am so happy that I came across Genesis Gold Group. They made the process seamless . . . They have knowledge, care, and patience with newbies, like me. They kept me informed along the way and reached out several times to see if I had any questions or concerns. I highly recommend them to anyone interested in investing in precious metals.”

“They made it so easy to transfer part of the funds out of my company 401K to set up a precious metals IRA. Everyone I’ve dealt with there is friendly and knowledgeable.”

“The people at Genesis Gold Group have been very helpful to get my 401k from stocks and bonds to silver coins on deposit. They are patient and explained each step and answered my numerous questions along the way.”

If you have wealth or retirement that you want to protect with physical precious metals backing a self-directed IRA:

==>Click here to contact Genesis Gold Group today and receive a free Definitive Gold Guide and learn more about protecting your life’s savings from the various threats we’re facing today.

(Note: The information provided by Vigilant News or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.)