China, No Dollars for Gold Backed Yuan

[BYSFG]

We all know life insurance carriers dabble in investments whether its near or far. With recent news about China's supposed gold back yuan, various commodities have either skyrocketed or drastically dropped in value. More so of a benchmark how do you think this will continue?

Leading back primarily to life insurance, will this have some sort of ripple effect? Especially with emerging markets investments?

Thoughts?

Silver Skyrockets as China Says "No Dollars" for it's New Gold Backed Yuan! | Financial Markets

https://www.superstation95.com/index.php/world/1152

 

[Finlater]

I would gladly like to obtain some of those gold backed yuan. A policy payable in them even better.

 

[Justin Bilyj]

Yep, gold holds its value in a negative interest rate environment, however bonds fail with more negative yields making it virtually impossible to be stable over 30+ long term profits, which means less of a return inside your policy.

Japan's life insurers are hitting a huge rough patch, some feel they can't make it any longer with this type of global interest rates happening...