This week, China formally declared its intention to dethrone the U.S. dollar, promoting the yuan as the new global reserve currency—backed by gold. In response, the U.S. and 50 allied nations unveiled a plan to implement price floors on critical minerals like silver, copper, and rare earth elements. This isn’t just geopolitical maneuvering—it’s the groundwork for a commodity war that could decimate fiat currency holders and ignite inflation on a global scale.

China Declares War on the Dollar—and the U.S. Just Fired Back

The economic war between China and the United States has officially entered a new phase—and your financial future is squarely in the crossfire.

This week, China formally declared its intention to dethrone the U.S. dollar, promoting the yuan as the new global reserve currency—backed by gold. In response, the U.S. and 50 allied nations unveiled a plan to implement price floors on critical minerals like silver, copper, and rare earth elements.

This isn’t just geopolitical maneuvering—it’s the groundwork for a commodity war that could decimate fiat currency holders and ignite inflation on a global scale.

Here’s what it means for you—and why physical gold and silver have never been more critical.

The Real Reason for U.S. Price Floors: Checkmate on China’s Mineral Monopoly

For decades, China has held the world hostage through its dominance in mineral refining.

• The U.S. has the minerals—but not the refining infrastructure
• China refines over 85% of rare earth elements critical to tech, defense, and energy
• Until now, that control has allowed Beijing to manipulate global supply and prices

But the new U.S.-led price floor strategy aims to neutralize that leverage. By coordinating commodity pricing, America hopes to:

• Protect domestic miners from being undercut
• Stimulate investment in long-delayed U.S. refining capabilities
• Undermine China’s mineral-based chokehold on the West

This is about far more than economics. It’s about national security and monetary power.

China’s Gold-Backed Yuan: A Direct Threat to Dollar Hegemony

China isn’t just challenging America’s mineral dominance—it’s attacking the dollar itself.

According to China’s Communist Party mouthpiece Qiyoshi, Xi Jinping has laid out a blueprint to replace the dollar with the yuan—backed by gold. China is executing this plan on multiple fronts:

• Becoming the world’s top gold holder, importer, and consumer
• Building gold-based payment infrastructure outside of SWIFT
• Encouraging BRICS nations to de-dollarize and shift to yuan/gold trade

And it’s working.

• In 2000, dollars made up 71% of global reserves
• As of Q3 2025, that number has dropped to 57%

As demand for U.S. debt declines, the government must offer higher yields to attract buyers—fueling the debt doom loop and accelerating inflation.

The Coming Inflation Shock: Paper Is Dying, Commodities Are King

When trust in fiat dies, real assets rise. This is why China is pivoting to a gold-backed system and consolidating control over mineral commodities.

Here’s the roadmap:

• U.S. inflation rises as dollar demand falls
• Debt service becomes unmanageable, requiring more printing
• Critical commodities like silver and copper surge as price floors kick in
• Gold explodes as central banks (especially China’s) hoard metal to prepare for a post-dollar world

This is not speculation. It’s unfolding right now.

Why Physical Gold & Silver Matter More Than Ever

We are entering an era of global monetary fracture—and only tangible assets will survive it.

• Gold is the centerpiece of China’s monetary strategy
• Silver is now a designated critical mineral with strategic price floors
• Paper assets and dollar-denominated wealth are on the path to devaluation

Wealth preservation requires a pivot to real, tangible assets.

Gold and silver are not just inflation hedges—they are a monetary lifeline when trust collapses. As nations weaponize currencies, minerals, and metals, individuals must build their own financial defense.

The Monetary Reset Is Underway

We are witnessing a monetary regime shift in real-time.

• China is using gold and commodities to dismantle dollar hegemony
• The U.S. is countering with price floors and mineral alliances
• Inflation, geopolitical risk, and volatility are accelerating

There’s no going back to the old system. The only question is: will you be prepared when the reset is complete?

About ITM Trading

ITM Trading has over 28 years of experience helping clients safeguard their wealth through personalized strategies built on physical gold and silver. Our team of experts delivers research-backed guidance tailored to today’s economic threats.

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