Chinese yuan will become a top reserve currency sooner than expected, says Ray Dalio

CNBC/Yen Nee Lee

Repost from 5-31-2021

photograph of 100 yuan and $100 bills“The investor said the yuan could constitute around 10% to 15% of global foreign exchange reserves in five to 10 years’ time. ‘I think incrementally it will happen faster probably than most people expect,’ he said.”

USAGOLD note: Markets, as the old saying goes, anticipate and if Dalio is right on the yuan, the psychological effect on the dollar, the yuan and gold will register in prices long before the redback reaches his reserve projections.

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