Alasdair gets us up to speed as we get closer to the March 26th launch of the potentially Petrodollar killing Petroyuan…
With the yuan-denominated crude oil contract ready to begin trading on March 26, we thought we’d check in today with an expert on the significance of this, our pal Alasdair Macleod of GoldMoney.
For this call, I simply asked Alasdair to lay out the short-term and long-term significance of pricing crude oil in something other than U.S. dollars. This new contract not only disrupts the crude oil market, it also impacts gold, forex and geo-politics. So please be sure to listen to this entire podcast and then consider the future implications of this new CNY-Crude contract.
Listen to the interview on TF Metals Report or tune in to the interview in its entirety in the embed below: