gold, page-36278

"To further entice trade, China says the yuan will be fully convertible into gold on exchanges in Shanghai and Hong Kong."
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I don't understand the implication of this enticement. Secondly, Yuan is not a free and openly traded currency in the world stage besides those aggrieved sovereign countries through US economic sanctions.

However I can see China being the 2nd largest economy wants to exerts itself in the world stage and creating the building blocks for alternate trading ventures such as AIIB, Shanghai gold exchange and now oil future contracts. However I think China needs a few other building blocks to exerts itself chiefly; open domestic markets, open political system, democracy and freely traded Yuan for starters.

There are plenty of commentary concerning gold but none of those reading fundamentals are willing to comment on crypto on the thread I started. It would be a much healthier discussion now that crypto is here to stay whether a 'flash in the pan' or as part of the new economy concept like during my time when dotcom 'click and buy' as opposed to the traditional bricks and mortar shopping experiences I was brought up from.