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July 24, 2020
USD Reserve Status. Looking at the cycle of the reserve currency economies of the world, there is a shift with the US and China battling for trade. These cycles take place in decades and centuries. Looking at the Chinese yuan, in the last couple years, the government has devalued it tremendously. The broader US Dollar index is still within the average range. Bottom line, countries will be printing money and taking on debt. Right now, you have to like gold.
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USD Reserve Status. Looking at the cycle of the reserve currency economies of the world, there is a shift with the US and China battling for trade. These cycles take place in decades and centuries. Looking at the Chinese yuan, in the last couple years, the government has devalued it tremendously. The broader US Dollar index is still within the average range. Bottom line, countries will be printing money and taking on debt. Right now, you have to like gold.