Original archived Re: Increasing dominance of gold
Scraped on 12/04/2025, 02:50:14 UTC
I was watching a video where they told that now most countries are depositing gold as reserves instead of buying US dollar deposits. Does this mean that price of gold will be uncontrollable in coming years ? Is it going to affect the buying behavior related to gold for common people ?
If the dominance of the US dollar decreases, then gold reserves will automatically increase and people from different countries will continue to invest in gold. Donald Trump's imposition of tariffs on various countries will be responsible for the decline in the dominance of the US dollar. Moreover, due to such volatile market conditions in the Bitcoin market, Bitcoin investors are becoming interested in investing in gold.
I actually thinking that gold possibly on its ATH already, right at this moment.
Although countries are switching to gold for their reserve, I don't think they can break free from not using USD, moreover crypto has allowed USD to be used widely across the globe in flexible manner through stablecoin which make up for these countries' attempt to not use US dollar. see the trading volume of stables and you'd be surprised.
I would not worry for USD to lose its dominance for at least another 10 years. it's still going strong.