Commodity Trade Mantra

Posts Tagged ‘De-Dollarization’

Russia Buys Most Gold In Six Months, Continues Selling US Treasuries

The rumors of Russia selling its gold reserves, it is now clear, were greatly exaggerated as not only did Putin not sell, Russian gold reserves rose by their largest amount in six months in December to just over $46 billion. On the other hand, there is another trend that continues for the Russians – that of reducing their exposure to US Treasury debt.

Dollar Is In Peril As Global ‘De-Dollarization’ Trend Accelerates

As the Obama administration continues to alienate almost everyone else around the entire planet, an increasing number of prominent international voices are starting to question why the U.S. dollar should be so overwhelmingly dominant in global trade. The almighty dollar is more vulnerable now than it has been in decades.

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