gold price
Gold prices from 1980 - 2005 hovers about average 400 USD/oz; thereafter ranges between 1000 - 2000. It will simply be a long term uptrend because of global fiat money printing.
It is not true "everything" is nowadays made in China. China controls markets only in cheap, mass-produced goods - low value-added (low profit margin) and relatively low-tech, e.g. cheap plastic goods, toys, sneakers, electronic parts. The US, Europe, Japan and Korea make the high-end high-profit goods. When you go to NTUC, Giant, ... do you find made in China chocolates, instant coffee, biscuits. The favorite cream crackers are from our region, Malaysia, Indonesia. No one trust foodstuffs from China.
The exports of China does not make the Yuan a "strong" currency. In fact, the Yuan must be relatively weak in order for China to win export markets for cheap goods. So the Yuan can never replace the USD as the key international currency in the foreseeable future - not within the next 100 years. When China improves technologically, it does not mean the rest of the world would not be able to keep up - not a certainty.
The current composition (2020) of the worlds official reserves by currency:
USD - 60%
Euro - 20%
Sterling pound - 4.5%
RMB - 2.25%
The key currencies would not change for a long time to come.
"Einstein's E=mc² Is Invalid"
Chan Rasjid Kah Chew,
Singapore.
http://www.emc2fails.com
