Jim Willie tells Silver Doctors that the de-dollarization will continue in 2018, plus, there’s a big announcement coming for silver…
The Dollar has been the world reserve currency for decades, but the increase of non-Dollar trade is threatening the Dollar’s dominance.
If China purchases a stake in Aramco, then Willie expects China to win the right to pay for Saudi oil in RMB. That would be a “fatal blow” to the petrodollar.
Willie touches on Bitcoin and cryptocurrencies. “I think it’s going to be very difficult to stop the crypto movement,” he says. “Cryptocurrencies like Bitcoin – they’re for real. But so is the risk.”
Lastly, Willie warns about investing in smaller mining stocks. However, he sees a bright future for physical silver and select mining companies. “We’re going to see silver announced as the center of some new next generation energy systems.”