"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency." -John Maynard Keynes
In the last four decades, the U.S. Dollar has lost a whopping -92% of its purchasing power. And it has lost -21% of that purchasing power in just the last nine years.
Barclays Bank has recalculated the dollar's share of global currency reserves. The dollar once stood at 80% of global reserves. Back in 2002, before the weak dollar trend, the dollar made up 73% of global reserves. Now that has fallen to 62.8%.
Central banks are diversifying away from the Dollar and paper fiat currencies in general. Instead they're exchanging paper currencies for gold. And that's why gold is trading at over $1,100 an ounce.
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