Dedollarization

The current period responds to historical dynamics that transcend it. We are at the end of a cycle, where phenomena similar to those we have already experienced are returning: record deficits, high debt, rising public spending, declining growth, unprecedented inequality, and, last but not least,...

The break in the Dollar Index below its long-term trend is not simply a technical accident. It reflects a much deeper change. In this context, precious metals are regaining their monetary function.

As it does at the start of every year, Saxo Bank has unveiled its “Outrageous Predictions”: Beijing would launch an offshore yuan indexed to gold, which would thus become a trusted currency for trade and reserves, competing directly with the dollar.

When gold enters a phase of rapid acceleration, silver – historically more volatile and reactive – will logically have to rise even faster. And if we use the Fibonacci sequence, employed by many technical analysts to identify major market levels, the following theoretical levels would be: $34,......

America's decline, economically, demographically, and socially, was becoming so obvious that it could only give way, as history has repeatedly shown, to the rise of a new superpower. But that was without taking into account the fact that China would follow the same path.

New powers and emerging countries have been encouraged to de-dollarize and buy gold, causing the value of the dollar to fall steadily. Furthermore, the United States, which constantly needs to find new buyers to finance its foreign debt, is facing increasing difficulties.

In this exclusive interview, Luke Gromen, one of the world’s foremost experts on bond and monetary markets, shares his perspectives on the current state of U.S. public debt, the role of the dollar and fiat currencies, and the surge of the gold price.

The world's largest private holder of physical gold is Tether, with 80 tons worth approximately $8 billion. Why is this?

China is stepping up its efforts to become a central player in global finance by offering to safeguard gold reserves on behalf of foreign governments.

The start of the new school year promises to be eventful in the United States. The Fed is expected to cut interest rates for the first time in five years. With the job market remaining fragile, the spectre of recession still looming, and the trade war adding to uncertainty, this decision shows ab...