Dollar’s busted bull run has doomsayers calling end of era

Bloomberg/Alice Atkins and Carter Johnson/7-16-2023

“The greenback’s worst slump since November has a bevy of strategists and investors saying a turning point is finally at hand for the world’s primary reserve currency. If they’re right, there will be far-reaching consequences for global economies and financial markets.”

USAGOLD note: Whatever it does against other currencies in the short term, the dollar’s history over the long run has been one of steady debasement and loss of purchasing power, and that era, in our view, is far from over.

The purchasing power of the US dollar and gold
(%, 1971-present)

Chart courtesy of TradingView.com • • • Click to enlarge