MarketsInsider/Zahra Tayeb/1-28-2023
“Nations from China and Russia to India and Brazil are pushing for settling more trade in non-dollar units – with plans ranging from the use of local currencies to a gold-backed stablecoin and a new BRICS reserve currency.”
USAGOLD note: A summary of the threats mounting against the dollar’s status as the world’s reserve currency. It is doubtful US policymakers will lose sleep over any of these so-called threats. The dollar is likely to remain supreme, but its purchasing power is likely to continue declining as it has since 1971. That, in the end, is the more immediate and important issue for American investors
