Tag: world reserve currency

"The U.S. dollar is being attacked from all sides as people are looking for substitute payment currencies. That move away from the U.S. dollar as a payment currency is a threat, but the bigger threat is whether or not there’s a substitute reserve currency. In the short run, the answer is no. So, if those countries want to get out of the U.S. dollar as a reserve currency, the only good alternative is gold." - Jim Rickards