Dr. Jim Willie published new information regarding negotiations that are taking place right now between Chinese finance officials and the Bank of International Settlements (BIS). At the heart of these talks is the ending of the dollar as the medium for international trade settlement, and in using physical gold as its replacement. While not completely confirmed, the number that Dr. Willie has been hearing for a repricing of gold to accommodate global trade settlement would be to boost the price/value to $5000 per ounce.