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𧡠Gold is underrated and could be pushed up by #Dedollarization, Bridgewater's Co-CIO said.
"This geopolitical turmoil is not going away. This is a slow-moving secular support for #gold," Karen Karniol-Tambour said.
π #Inflation will also keep interest in gold elevated as well.
"This geopolitical turmoil is not going away. This is a slow-moving secular support for #gold," Karen Karniol-Tambour said.
π #Inflation will also keep interest in gold elevated as well.
#Gold could be at the start of a lasting growth period as global #Dedollarization trends continue, Co-CIO of Bridgewater Associates Karen Karniol-Tambour said.
markets.businessinsider.com/news/currencieβ¦
markets.businessinsider.com/news/currencieβ¦
#Dedollarization is no longer a matter of if, but when, said International Crisis Group cochair Frank Giustra.
A sudden drop in dollar demand could lead to #hyperinflation and a debt crisis, he said.
A sudden drop in dollar demand could lead to #hyperinflation and a debt crisis, he said.
"In short, any US administration would ultimately consider any such de-dollarization moves to be matters of national security."
markets.businessinsider.com/news/currencieβ¦
markets.businessinsider.com/news/currencieβ¦
The trend toward #dedollarization has become clearer as dollar weaponization damages its credibility.
China should take advantage of the trend, seize the opportunity, take the initiative and promote the internationalization of the yuan in an orderly manner
globaltimes.cn/page/202304/12β¦
China should take advantage of the trend, seize the opportunity, take the initiative and promote the internationalization of the yuan in an orderly manner
globaltimes.cn/page/202304/12β¦
Why de-dollarization is inevitable
The abuse of the dollar's status as the international reserve currency by the US and the losses other economies suffer due to the dollar's wild fluctuations and US economic sanctions are prompting more and more countries to seek countermeasures,
The abuse of the dollar's status as the international reserve currency by the US and the losses other economies suffer due to the dollar's wild fluctuations and US economic sanctions are prompting more and more countries to seek countermeasures,
by using their domestic currencies to settle trade payments, thus triggering what could be the #dedollarization of the global economy.
epaper.chinadaily.com.cn/a/202304/24/WSβ¦
epaper.chinadaily.com.cn/a/202304/24/WSβ¦
China's mounting such a strong attack on the dollar's dominance that it's paying for almost all of its Russian oil imports in the yuan.
China imported $88 billion worth of major commodities from Russia in 2022 β a 52% jump from 2021.
China imported $88 billion worth of major commodities from Russia in 2022 β a 52% jump from 2021.
Much of the trade was done in the Chinese yuan, per Reuters.
China has ramped up the use of the yuan to buy commodities such as oil and coal from Russia.
businessinsider.com/dedollariztionβ¦
China has ramped up the use of the yuan to buy commodities such as oil and coal from Russia.
businessinsider.com/dedollariztionβ¦
β China's use of yuan to buy Russian commodities surges since Ukraine war.
β Yuan's share in Russia's import settlements in 2022 rises to 23% from 4%.
β Imports of Russian oil, piped gas, coal, metals mostly settled in yuan.
reuters.com/markets/currenβ¦
β Yuan's share in Russia's import settlements in 2022 rises to 23% from 4%.
β Imports of Russian oil, piped gas, coal, metals mostly settled in yuan.
reuters.com/markets/currenβ¦
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