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Locked: Goldman Sachs dollar is in danger of losing its status as the world’s reserve currency.Bloomberg

  • Last Updated:
  • Jul 30th, 2020 10:04 am
[OP]
Deal Addict
Jun 15, 2012
2837 posts
1010 upvotes
Saskatoon

Goldman Sachs dollar is in danger of losing its status as the world’s reserve currency.Bloomberg

While that view is clearly still a minority one in most financial circles -- and the Goldman analysts don’t say they believe it will necessarily happen -- it captures a nervous vibe that has infiltrated the market this month: Investors worried that this money-printing will trigger inflation in years ahead have been bailing out of the dollar and piling furiously into gold.
https://www.bloomberg.com/news/articles ... is-at-risk

Or please don’t mention corona here.
No need to type thank you; upvote=thanks.
Buffett, investors are focusing “not on what an asset will produce but rather on what the next fellow will pay for it.”

“Because gold is honest money it is disliked by dishonest men.” – R. Paul
5 replies
[OP]
Deal Addict
Jun 15, 2012
2837 posts
1010 upvotes
Saskatoon
I agree with down voters, this(risk of losing its status) sucks.
No need to type thank you; upvote=thanks.
Buffett, investors are focusing “not on what an asset will produce but rather on what the next fellow will pay for it.”

“Because gold is honest money it is disliked by dishonest men.” – R. Paul
Deal Addict
Aug 16, 2015
1121 posts
463 upvotes
ignore this kind of BS and focus on the technicals.

this BS is what goldman says. the technicals are what goldman is actually doing.
[OP]
Deal Addict
Jun 15, 2012
2837 posts
1010 upvotes
Saskatoon
kilburn305 wrote: ignore this kind of BS and focus on the technicals.

this BS is what goldman says. the technicals are what goldman is actually doing.
I agree with you. Do you know what Goldman’s doing?
I hope this won’t happen as well.
But let’s explore all possibilities.
How could we hedge our risk? It appears CAD is also vigorously printed. Gold is too expensive right now.
How else could we protect ourselves?
Let’s have a peaceful discussion here. No conspiracy theories here, no end of the world either.
No need to type thank you; upvote=thanks.
Buffett, investors are focusing “not on what an asset will produce but rather on what the next fellow will pay for it.”

“Because gold is honest money it is disliked by dishonest men.” – R. Paul
[OP]
Deal Addict
Jun 15, 2012
2837 posts
1010 upvotes
Saskatoon
Not that I have respect to the russian media.
Share of China- russia trade is minuscule in global trade.
Hopefully no others will follow.
After years of talking about abandoning the US dollar, Russia and China are doing it for real. In the first quarter of 2020, the share of the dollar in trade between the countries fell below 50 percent for the first time.
To give an indication of the scale of the adjustment, just four years ago the greenback accounted for over 90 percent of their currency settlements.

According to Moscow daily Izvestia, the share has dropped to 46 percent, tumbling from 75 percent in 2018. The 54 percent of non-dollar trade is made up of Chinese yuan (17 percent), the euro (30 percent), and the Russian ruble (7 percent).
https://tass.com/pressreview/1183467
No need to type thank you; upvote=thanks.
Buffett, investors are focusing “not on what an asset will produce but rather on what the next fellow will pay for it.”

“Because gold is honest money it is disliked by dishonest men.” – R. Paul

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