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China's gold-buying spree could be the straw that breaks the dollar's back
By Julian Jessop
The Telegraph, London
Sunday, May 5, 2024
Some commentators have spent decades predicting the imminent demise of the U.S. dollar's special status as the world's international reserve currency.
Eventually they will be right, and that day may be drawing much closer. As usual, China could hold the key.
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Historically, the dollar has been the reserve currency of choice because of some clear advantages over potential alternatives.
For a start, the U.S. has a strong institutional framework, with well-established rules and many constitutional checks and balances. This makes it a relatively predictable and safe place to invest. ...
... For the remainder of the analysis:
https://www.telegraph.co.uk/business/2024/05/05/china-gold-buying-spree-straw-breaks-dolllar-back/
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