Commodity Trade Mantra
Quotes by TradingView

Posts Tagged ‘Currency Interventions’

Gold Replacing the US Dollar as Reserve Asset

Fiat currencies are dying. Central banks will not actively back their currencies with gold but gold will replace foreign currency reserves. Many of the high debt countries like e.g. Greece, which look bad in today’s fiat currency context, will actually fare well in this transition of gold taking over the reserve asset status from fiat currency.

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