- The response to U.S. efforts to cheapen the dollar in 2010 - 2011 was not long in coming. It came from four directions - IMF, Russia, China, and Saudi Arabia. Enter the new world money: Petro-SDR. On December 1, 2015, the IMF announced that the Chinese yuan would be included in the basket of currencies used to determine the value of one SDR. With China onboard, the SDR is poised to become the de facto global reserve currency. China’s and Russia’s immediate response to the coming dollar collapse and rise of the SDR is to buy gold. (It’s not yet possible to diversify heavily into SDR denominated assets because there are very few SDR assets available.) Russia has acquired over 1,000 tons of goldBusiness Insider
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