Not an expert or anything, but been seeing a lot of chatter. BRICS trying to build their own systems, more trade happening outside the dollar, and now, with all the US policy chaos, it feels like people are seriously questioning how long the dollar can stay this dominant.
I know it’s still the most used currency but maybe that trust is slowly slipping. Could that be part of why gold’s been rallying too? Not just about uncertainty or inflation hedging anymore, maybe it’s becoming a quiet alternative.
Not yet… Unless the US T bonds start really losing value (yield above 5%) then dollar will be king. But people are moving away and using euro, swiss, and pound.
Although the dollar’s decline may not be imminent, but its uncontested supremacy is.
Central Banks allocated 28% of their new reserves to non-dollar assets in 2024, the highest since 1999
As the world grows wary of Washington’s fiscal adventurism, de-dollarization is likely to no more just be a trend but become the de-facto survival strategy in an increasing connected global economy.
My opinion is that , yes Dollar is slowly losing its grip , Countries like Russia & China are trying for alternate for Dollar , Many times Russian president Putin said that American strength is not its military but its Dollar , Even the Trump is said that during his Election campaigns , Many countries including India are buying more gold , recently RBI taken back the Gold deposited in UK , , Even the countries like Burkina PAasso are also slowly shifting away from American & European system , & looking at BRICS
