Financial Times/Ruchir Sharma/8-28-2022
“Since the 15th century, the last five global empires have issued the world’s reserve currency — the one most often used by other countries — for 94 years on average. The dollar has held reserve status for more than 100 years, so its reign is already older than most.”
USAGOLD note: Sharma sees things coming to a head for the strong dollar and predicts a turnaround is in the offing much similar to the major reversal from the top in the early 2000s – an event that coincided with the launch of gold’s secular bull market.
