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<p>Michael Howell: China is building a new Bretton Woods - backed by gold instead of US Treasuries.

Howell says the Shanghai Gold Exchange has already eclipsed COMEX and London as the marginal price setter for gold worldwide.

Beijing is recreating "the pre-1971 Bretton Woods gold exchange standard" - holding gold against the yuan to eventually challenge the dollar in world trade.

FT @CrossBorderCap @BitcoinJesusETH.</p>

Michael Howell: China is building a new Bretton Woods - backed by gold instead of US Treasuries.
Howell says the Shanghai Gold Exchange has already eclipsed COMEX and London as the marginal price setter for gold worldwide.
Beijing is recreating "the pre-1971 Bretton Woods gold exchange standard" - holding gold against the yuan to eventually challenge the dollar in world trade.
FT @CrossBorderCap @BitcoinJesusETH.

Michael Howell: China is building a new Bretton Woods - backed by gold instead of US Treasuries. Howell says the Shanghai Gold Exchange has already eclipsed COMEX and London as the marginal price setter for gold worldwide. Beijing is recreating "the pre-1971 Bretton Woods gold exchange standard" - holding gold against the yuan to eventually challenge the dollar in world trade. FT @CrossBorderCap @BitcoinJesusETH.

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