Gold’s monetary rehabilitation
“There is a quiet revolution taking place in the monetary vacuum that’s developing on the back of the erosion of the dollar’s hegemony. It is perhaps too early to call what’s happening to the dollar the beginning of its demise as the world’s reserve currency, but there is certainly a move away from it in Asia. And every time the Americans deploy their control over global trade settlement as a weapon against the regimes they dislike, nations who are neutral observers take note and consider how to protect themselves, ‘just in case.'”
USAGOLD note: There is little doubt that China, at the very least, is working toward making the yuan the reserve currency of Asia. Alasdair Macleod provides a very good look at the foundational elements to that process and the the role gold is playing in it.