For decades, the US dollar has held esteem as the world’s primary reserve currency. But according to Lynette Zang, senior market analyst at ITM Trading, this long-standing dominance is on shaky ground.
“The days of the do
She did not hold back when discussing these notable figures: “That’s Yellen’s job, that’s Powell’s job… Their job is to maintain public calm and keep them inside the system—because it’s easier to steal wealth that way.”
If you’re looking for ways to protect yourself from this disorder, it’s worth noting that Zang has long advocated gold as a protective medium.
The gold market has not seen any explosive moves lately. When asked about her message to those on the sidelines, Zhang’s response was blunt.
“I say take advantage of that and take advantage of everything,” she said, “because we’re inside a big hurricane. There’s no question about that.” “It is not just the death of the dollar. It is the death of the entire financial, monetary and social system.”
Moreover, many countries are developing central bank digital currencies (CBDCs). Zang warned that with the introduction of CBDCs, there may be restrictions on buying gold.
She explained, “Because what gold is doing, is it competing with the dollar or the euro or the yen or something else, so it will be a competition with the digital central bank currencies.”
golden buffer
Gold has served as a store of value for thousands of years.
Unlike fiat money, which can be produced in unlimited quantities, the precious metal has an inherent scarcity, which makes it a hedge against inflation.
At the same time, gold has historically been recognized as a safe-haven asset, providing investors with a hedge against economic uncertainty and geopolitical risks. In times of political turmoil, wars, and other crises, the yellow metal is often sought as a haven, due to its global recognition and value.
If you share Zang offer, you can invest in gold by buying coins and bars from your local bullion shop or even Explore unlock gold ira. You can also access the metal through exchange-traded funds (ETFs) such as SPDR Gold Shares (GLD). Gold mining stocks provide another method of exposure to the sector.
While gold does not offer a return, new companies have created ways for investors to earn passive income from inflation-proof assets. Here’s how to do it Invest in rental properties for less than $100 While staying completely out of hands.
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This article “It is the death of the entire financial, monetary and social system”: warns this market expert that the US dollar is rapidly losing its reserve status. Here’s what to love for protection appeared in the original Benzinga.com
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