The US Dollar is being replaced by Gold as the dominant global reserve asset. Gap between FX reserves held in dollars vs Gold is closing rapidly This is actually good for the US as a weak dollar will allow them to onshore manufacturing again and decrease reliance on China
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The US Dollar is being replaced by Gold as the dominant global reserve asset. Gap between FX reserves held in dollars vs Gold is closing rapidly This is actually good for the US as a weak dollar will allow them to onshore manufacturing again and decrease reliance on China