“Could you please share with us your insights on the current situation in China regarding the renminbi currency reform? It has only been two days since implementation, and they are already facing challenges. The Chinese authorities have urgently stopped issuing new bills. According to multiple financial experts, the problem might have started with products traded on New York Mercantile Exchange. Why is that so?”

“It’s true that China has worked very hard to break the order of dollar hegemony. A gold standard is a valuable tool in the ongoing economic competition between nations. I share the perspective that this approach can provide an advantage, and it’s a viewpoint that seems reasonable and logical to me.”

“Yes. So what happened at the New York Mercantile Exchange yesterday? I would appreciate it if you could explain in easy-to-understand terms for the viewers.”

“Products linked to new bills and gold were traded, but above all, we have to pay attention to the amount traded. Let’s exclude the renminbi first and focus on gold.”

“Okay.”

“There was a lot more than gold traded on exchanges around the world. Given the scale of this activity, we now need to ask where did such an abundant supply of gold originate from? After all,...