Financial safety

China, Russia and Gold vs. the Dollarised World

Trending and gaining traction throughout the economic world is the increasingly relevant search for safe and secure alternatives to the U.S. dollar. Some due to geopolitical reasons and pressures, others from recognising the significantly deepening debt associated with the dollar and government. Many have started questioning and doubting aspects of its sustainability and inviolability over the ballooning short and long term.

Others are looking to innovative crypto ideas in the hope that extra-governmental blockchain backed mechanisms of peer-to-peer ‘agreed value’ may be the unhindered path to securing wealth. In short, all of these approaches are looking for the security which gold together with similar recognised assets like silver have provided and assured since the dawn of our varied successive civilizations.

China, Russia, Turkey and quite a few others see themselves sanctioned, shackled and hindered by the overwhelming market dominance of the American currency and the quickly changing policies linked to it by successive U.S. administrations most especially of late. Some refer to this as the abnormal ‘weaponization’ of the U.S. dollar as this millennia’s sad new normal.