Gold Could Be Worth 40 Times More if the Dollar Loses Its Status as the Global Reserve Currency.

Globo

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Recent surges have pushed the precious metal beyond the $4,500 per troy ounce mark this week.

Crypto Economy

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Key news points: The dollar’s share in global reserves fell to ~40%, minimum in 20 years. Gold reserves rose to ~28%, its highest level since 1990. Bitcoin’s institutional and sovereign holdings are already a key segment. The US dollar now represents about 40 percent of global foreign exchange reserves. An analysis by The Kobeissi Letter shows that this level marks a minimum in two decades for the currency. The dollar’s share has fallen about 18…

economiematin.fr

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You could exult and tell yourself that it is the "dedolarization" of the world and that after all the United States have sought it well. Yet, things are a little bit more complex than what appears... Look at this graph. No other currency benefits from the dedollarization of the economy. None. The share of the euro also decreases as well as that of the English pound or the Japanese yen. Then you will logically ask me but by what does the world re…

insolentiae.com

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My dear impertinent, dear impertinents, While the dollar, the king dollar, represented almost 60% of the world's reserves, it now falls on the bar of 40% of the world's reserves... only! You could exult and tell yourself that it is the "dedollarization" of the world and that after all the United States sought it well. [...]