De-Dollarization and the Flight to Gold

April 25, 2023

In this video, Peter St Onge discusses the rapid de-dollarization that is currently taking place. He argues that the dollar has already suffered a "stunning collapse," with its share of global reserves falling from 73% in 2001 to just 47% in 2021. Recent sanctions have accelerated this trend, such as the US freezing 300 billion in Russian Central Bank dollars. As a result, countries worldwide are moving away from the dollar and towards alternative stores of value, such as gold and the euro.


The term “carat” comes from “carob seed,” which was standard for weighing small quantities in the Middle East.
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