Doubts emerge over dollar’s role as a reserve currency

The New York Sun/Editorial

“‘Combined with “a record level of debt accumulation’ by the American government, says Goldman, ‘real concerns around the longevity of the US dollar as a reserve currency have started to emerge.’ Then it says: ‘We have long maintained gold is the currency of last resort, particularly in an environment like the current one where governments are debasing their fiat currencies and pushing real interest rates to all-time lows.’”

USAGOLD note:  The Sun assigns the same importance to the recent Goldman Sachs report we do. Citing debasement of currencies as a real threat to individual wealth, Goldman recommends gold as an insurance policy against it. The Sun describes the Wall Street bank’s stance as “startling.”

Repost from 8-2-2020