For 75 years, the US dollar has ruled as the world’s reserve currency.
And there are plenty of reasons to think the USD will stay on top: Most oil contracts are denominated in USD, global banking roads lead to Wall Street, and the USD provides vast liquidity for financial institutions. Plus, there’s a tradition element. People hold US dollars because everyone else around the world does.
But even with all those factors, there’s no guarantee that the USD reigns supreme for the next 75 years… or even the next 30 years.
History shows us that global reserve currencies come and go.
The British pound, Spanish pieces of eight, the Venetian ducat, the Byzantine solidus… the world is absolutely littered with these former giants that at one time dominated world commerce.
It might be hard to imagine, but the USD can be the next global reserve currency to fall.
The process to transition to another global currency won’t happen overnight. Still, I’m getting prepared today. And I suggest that you should, too.
In this month’s letter, I’ll share how the USD could lose its crown over the coming years. And I’ll detail why every Plan B should have some asset protection with the original global reserve money: gold.
And there are plenty of reasons to think the USD will stay on top: Most oil contracts are denominated in USD, global banking roads lead to Wall Street, and the USD provides vast liquidity for financial institutions. Plus, there’s a tradition element. People hold US dollars because everyone else around the world does.
But even with all those factors, there’s no guarantee that the USD reigns supreme for the next 75 years… or even the next 30 years.
History shows us that global reserve currencies come and go.
The British pound, Spanish pieces of eight, the Venetian ducat, the Byzantine solidus… the world is absolutely littered with these former giants that at one time dominated world commerce.
It might be hard to imagine, but the USD can be the next global reserve currency to fall.
The process to transition to another global currency won’t happen overnight. Still, I’m getting prepared today. And I suggest that you should, too.
In this month’s letter, I’ll share how the USD could lose its crown over the coming years. And I’ll detail why every Plan B should have some asset protection with the original global reserve money: gold.
For 75 years, the US dollar has ruled as the world’s reserve currency. And there are plenty of reasons to think the USD will stay on top: Most oil contracts are denominated in USD, global banking roads lead to Wall Street, and the USD provides vast liquidity for financial institutions. Plus, there’s a tradition element.…
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