The Real Reason Behind the New Yuan Gold Fix

On today’s episode of Double Down, hosts Max Keiser and Stacy Herbert are joined by Sandeep Jaitly of Fekete Research to discuss the introduction of a yuan gold fix. What is a fix anyway? And why does this matter?

China has recently introduced a new yuan priced gold fix. Within a week of the new fix being introduced, Russia and China announced a new gold trading platform. Most Western central bankers and commentators claim gold is a barbarous relic, a pet rock, a cabbage patch doll, so why all these moves in the gold market? Double Down asks Austrian economist, Sandeep Jaitly, to explain the purpose of a fix and what the gold moves by Russia and China might tell us about the current fiat money system.