The world continues dumping US dollar (Gold, New World Order, World War III)

[concept2]

Gold buyers binge on biggest volumes for 55 years
Central banks are scooping up gold at the fastest pace since 1967, with analysts pinning China and Russia as big buyers in an indication that some nations are keen to diversify their reserves away from the dollar.
Data compiled the World Gold Council, an industry-funded group, has shown demand for the precious metal has outstripped any annual amount in the past 55 years. Last month’s estimates are also far larger than central banks’ official reported figures, sparking speculation in the industry over the identity of the buyers and their motivations.

The last time this level of buying was seen marked a historical turning point for the global monetary system. In 1967, European central banks bought massive volumes of gold from the US, leading to a run on the price and the collapse of the London Gold Pool of reserves. That hastened the eventual demise of the Bretton Woods System that tied the value of the US dollar to the precious metal.
Last month the WCG estimated the world’s official financial institutions have bought 673 tonnes. And in the third quarter alone central banks bought almost 400 tonnes of gold, the largest three-month binge since quarterly records began in 2000.



“The message these central banks are sending by putting a larger share of their reserves in gold is that they don’t want to be reliant on the US dollar as their main reserve asset,” Menke said.
Some in the industry speculate Middle Eastern governments are using fossil fuel export revenues to buy gold, most likely through sovereign wealth funds.

The world continues dumping US dollar, I've already talked about India buying gold and many times about Iran accumulating gold over the past couple of years. Now we have evidence of the other Eastern powers buying large amounts of gold. Many other smaller countries that don't fall into the global geopolitics like Qatar, Turkey, Uzbekistan, some African countries, etc. are also accumulating more gold.
 
This is the New World Order that is forming in front of our eyes, the old Dollar standard is slowly but surely going away which is causing high inflation in US as all the unbacked dollars they'd printed all these years are being dumped on USA itself and even higher inflation is seen in any country that is importing US inflation like Europe. Experts suggest that if US wasn't exporting its inflation, the real US inflation would have been somewhere north of 450% and that's where it's headed as the dollar dumping continues.

I recently watched an analyst who suggested that this is World War 3 which will be fought (at least for now) economically. The East vs. West as the East dumps US dollar that strains US economy. China suddenly lets loose COVID on the world (this past 2 weeks) that is already showing an increase in EU and US. Oil price ends the year with the 2nd straight annual gain and the general high energy prices among other things is slowly rendering EU useless as an economy and industrial power.

Although economy is not the only battlefield (we have energy, food and actual armed conflict between proxies) but it is affecting us the most. It is even affecting bitcoin price as it has successfully prevented its rise to higher ATH last year and even changed its bull trend and crashed the price below the previous (2017) ATH for the first time in bitcoin history.

With that said, 2023 outlook is already bad economically speaking.
How much of the points I raised do you agree with and how do you see 2023 specially when dollar dumping continues?

These central banks been copping hella gold for years now. They got all sorts of reasons for doing it, like diversifying their reserves and hedging against inflation or geopolitical craziness. Plus, gold prices been lower lately, so they're taking advantage.

Now, peep this - some experts think this gold-buying spree could lead to a shift away from the US dollar as the top dog reserve currency. That could be a big deal for the US economy and global money markets. Others say nah, gold ain't that big a deal compared to the US dollar, euro, and yen.

But let's keep it real, predicting the future of the world economy ain't easy. Some folks saying 2023 could be a rough year, but who knows? Sh*t's complicated, and we gotta stay cautious and aware of all the risks.

[coupable]

Russia is still insisting on achieving ambitions that no one knows its limits. While the entire region is preparing itself for a long-term war. The Baltic countries are considering options to join NATO and fear that Russia will invade Poland, in addition to the buildup of arms on the western side. Surely you have recently heard about Putin's intention to turn Belarus into a nuclear base in response to the weapons that Britain had supported Ukraine for a while.
All indications confirm that Russia will not stop the war, especially since it has formed a front for itself that includes countries hostile to America and the West, such as China and Iran.

The Baltic countries - Latvia, Lithuania and Estonia have long been part of the NATO alliance. On April 4, Finland also officially became a member of NATO.
There is an opinion of some experts who warn that Putin from the territory of Belarus can launch nuclear strikes on Poland and Lithuania. Firstly, this will be to ensure that radioactive contamination is an obstacle to the supply of weapons to Ukraine. Secondly, by doing this, he sets Belarus up for a retaliatory strike at the place where nuclear missiles were launched. At the same time, this may be another bluff of Putin, who constantly scares the world with nuclear weapons in order not to provide military assistance to Ukraine.

There are fears on both the Russian and Western sides that one of the two sides could risk using nuclear weapons. Therefore, it is not surprising that someone uses this argument to condemn the other side and justify dangerous escalatory steps. I expect things to develop for the worse as long as the parties to the conflict have not yet sat down at the negotiating table.

As for Russia's allies - China and Iran, everything is not so simple here. The other day, Chinese Ambassador to the European Union Fu Cong made a statement, according to which, external observers misinterpret relations between China and Russia. According to him, Beijing does not support Moscow in the war against Ukraine, and the statement of the heads of the two countries, Putin and Xi Jinping, about friendship that "has no borders" is nothing more than a rhetorical device. The ambassador noted that China did not provide military assistance to Russia and did not recognize its attempts to annex Ukrainian territories, in particular Crimea and Donbass.

China cannot deny that it is a friend of Russia and that they are in an undeclared alliance. Simply because no other explanation can be given when China agrees to acquire Russian products against the policy of international sanctions.
China is not the only one concerned with this issue, as India also buys energy products. Iran has also been proven to provide military support (drone fighters). China and India support the Russian economy, while Russia provides military support. Is this not an alliance?

The announcement came as a cold shower on the Russian side, which touted a strong relationship with China as one of Putin's main foreign policy achievements.

These statements denied that China provided any military support to Russia in the war, but did not deny economic support. I think Russia is happy with these statements, or perhaps it does not care much about diplomacy since it is isolated internationally.

[abralzain17]

Gold buyers binge on biggest volumes for 55 years
Central banks are scooping up gold at the fastest pace since 1967, with analysts pinning China and Russia as big buyers in an indication that some nations are keen to diversify their reserves away from the dollar.
Data compiled the World Gold Council, an industry-funded group, has shown demand for the precious metal has outstripped any annual amount in the past 55 years. Last month’s estimates are also far larger than central banks’ official reported figures, sparking speculation in the industry over the identity of the buyers and their motivations.

The last time this level of buying was seen marked a historical turning point for the global monetary system. In 1967, European central banks bought massive volumes of gold from the US, leading to a run on the price and the collapse of the London Gold Pool of reserves. That hastened the eventual demise of the Bretton Woods System that tied the value of the US dollar to the precious metal.
Last month the WCG estimated the world’s official financial institutions have bought 673 tonnes. And in the third quarter alone central banks bought almost 400 tonnes of gold, the largest three-month binge since quarterly records began in 2000.



“The message these central banks are sending by putting a larger share of their reserves in gold is that they don’t want to be reliant on the US dollar as their main reserve asset,” Menke said.
Some in the industry speculate Middle Eastern governments are using fossil fuel export revenues to buy gold, most likely through sovereign wealth funds.

The world continues dumping US dollar, I've already talked about India buying gold and many times about Iran accumulating gold over the past couple of years. Now we have evidence of the other Eastern powers buying large amounts of gold. Many other smaller countries that don't fall into the global geopolitics like Qatar, Turkey, Uzbekistan, some African countries, etc. are also accumulating more gold.
 
This is the New World Order that is forming in front of our eyes, the old Dollar standard is slowly but surely going away which is causing high inflation in US as all the unbacked dollars they'd printed all these years are being dumped on USA itself and even higher inflation is seen in any country that is importing US inflation like Europe. Experts suggest that if US wasn't exporting its inflation, the real US inflation would have been somewhere north of 450% and that's where it's headed as the dollar dumping continues.

I recently watched an analyst who suggested that this is World War 3 which will be fought (at least for now) economically. The East vs. West as the East dumps US dollar that strains US economy. China suddenly lets loose COVID on the world (this past 2 weeks) that is already showing an increase in EU and US. Oil price ends the year with the 2nd straight annual gain and the general high energy prices among other things is slowly rendering EU useless as an economy and industrial power.

Although economy is not the only battlefield (we have energy, food and actual armed conflict between proxies) but it is affecting us the most. It is even affecting bitcoin price as it has successfully prevented its rise to higher ATH last year and even changed its bull trend and crashed the price below the previous (2017) ATH for the first time in bitcoin history.

With that said, 2023 outlook is already bad economically speaking.
How much of the points I raised do you agree with and how do you see 2023 specially when dollar dumping continues?

The high demand for gold is only caused by the economic recession that is currently sweeping the world, it is possible that there is anxiety in saving money so that they have to move to save gold to face the new world order.
other than that, in my opinion, some people keep gold only as a collection that can be used to look luxurious and as a store of value.

[tread93]

Gold buyers binge on biggest volumes for 55 years
Central banks are scooping up gold at the fastest pace since 1967, with analysts pinning China and Russia as big buyers in an indication that some nations are keen to diversify their reserves away from the dollar.
Data compiled the World Gold Council, an industry-funded group, has shown demand for the precious metal has outstripped any annual amount in the past 55 years. Last month’s estimates are also far larger than central banks’ official reported figures, sparking speculation in the industry over the identity of the buyers and their motivations.

The last time this level of buying was seen marked a historical turning point for the global monetary system. In 1967, European central banks bought massive volumes of gold from the US, leading to a run on the price and the collapse of the London Gold Pool of reserves. That hastened the eventual demise of the Bretton Woods System that tied the value of the US dollar to the precious metal.
Last month the WCG estimated the world’s official financial institutions have bought 673 tonnes. And in the third quarter alone central banks bought almost 400 tonnes of gold, the largest three-month binge since quarterly records began in 2000.



“The message these central banks are sending by putting a larger share of their reserves in gold is that they don’t want to be reliant on the US dollar as their main reserve asset,” Menke said.
Some in the industry speculate Middle Eastern governments are using fossil fuel export revenues to buy gold, most likely through sovereign wealth funds.

The world continues dumping US dollar, I've already talked about India buying gold and many times about Iran accumulating gold over the past couple of years. Now we have evidence of the other Eastern powers buying large amounts of gold. Many other smaller countries that don't fall into the global geopolitics like Qatar, Turkey, Uzbekistan, some African countries, etc. are also accumulating more gold.
 
This is the New World Order that is forming in front of our eyes, the old Dollar standard is slowly but surely going away which is causing high inflation in US as all the unbacked dollars they'd printed all these years are being dumped on USA itself and even higher inflation is seen in any country that is importing US inflation like Europe. Experts suggest that if US wasn't exporting its inflation, the real US inflation would have been somewhere north of 450% and that's where it's headed as the dollar dumping continues.

I recently watched an analyst who suggested that this is World War 3 which will be fought (at least for now) economically. The East vs. West as the East dumps US dollar that strains US economy. China suddenly lets loose COVID on the world (this past 2 weeks) that is already showing an increase in EU and US. Oil price ends the year with the 2nd straight annual gain and the general high energy prices among other things is slowly rendering EU useless as an economy and industrial power.

Although economy is not the only battlefield (we have energy, food and actual armed conflict between proxies) but it is affecting us the most. It is even affecting bitcoin price as it has successfully prevented its rise to higher ATH last year and even changed its bull trend and crashed the price below the previous (2017) ATH for the first time in bitcoin history.

With that said, 2023 outlook is already bad economically speaking.
How much of the points I raised do you agree with and how do you see 2023 specially when dollar dumping continues?

All good points you have laid out here m8, I would have to agree that 2023 outlook is bleak, I was mentioning this in another thread I created today. The gold dogs have been released to wreak havoc and I do believe that most countries are moving away from the US Dollar and dumping straight into Gold and other assets, clearly, and many more countries are hopping on the SHIT ON THE US Dollar band wagon daily.

[Iadegbola34]

It is true that some countries, including India, Iran, and some Eastern powers, are buying gold as a way to diversify their reserves and reduce their dependence on the US dollar. It is also true that the US dollar has been losing value over time, due in part to the large amounts of money the US government has printed to finance its deficit spending.

As for the claim that the US inflation rate would be much higher if other countries weren't absorbing some of the inflation, it is difficult to verify this claim without further context and evidence.

Regarding the suggestion that we are in the midst of an economic World War III, this is a controversial claim that is not widely accepted by mainstream economists. It is true, however, that there are ongoing economic tensions between the East and West, particularly with regard to trade and currency exchange rates.

As for the impact of these developments on Bitcoin and the outlook for 2023, it is difficult to predict with certainty. Bitcoin is a highly volatile asset, and its price is influenced by many factors, including economic and geopolitical developments. As for the broader economic outlook for 2023, it will depend on a variety of factors, including global economic growth, inflation rates, and geopolitical tensions.

[rokok lokal]

It is true that some countries, including India, Iran, and some Eastern powers, are buying gold as a way to diversify their reserves and reduce their dependence on the US dollar. It is also true that the US dollar has been losing value over time, due in part to the large amounts of money the US government has printed to finance its deficit spending.

As for the claim that the US inflation rate would be much higher if other countries weren't absorbing some of the inflation, it is difficult to verify this claim without further context and evidence.

Regarding the suggestion that we are in the midst of an economic World War III, this is a controversial claim that is not widely accepted by mainstream economists. It is true, however, that there are ongoing economic tensions between the East and West, particularly with regard to trade and currency exchange rates.

As for the impact of these developments on Bitcoin and the outlook for 2023, it is difficult to predict with certainty. Bitcoin is a highly volatile asset, and its price is influenced by many factors, including economic and geopolitical developments. As for the broader economic outlook for 2023, it will depend on a variety of factors, including global economic growth, inflation rates, and geopolitical tensions.

So it sounds like some countries are looking to diversify their reserves and become less dependent on the US dollar by buying gold. And while some believe we are in the midst of a World War III economy, that's not the mainstream view.

Of course there are tensions between East and West in terms of trade and currency exchange rates. And as for the prospects for Bitcoin in 2023, no one can guess – it is a volatile asset that is influenced by many factors and the outlook for the economy this year will depend on a variety of factors, such as global growth, inflation and geopolitical tensions.

[pooya87]

All this makes it possible to create a new global financial system based on Bitcoin.  To do this, Bitcoin must be officially declared the world's reserve currency, and Basel Committee regulations must be amended to require Central Banks to include Bitcoin in their gold and foreign exchange reserves. 

That would take decades just like it took decades and some word wars to become the world reserve currency. If I recall everything started from Eisenhower back in the mid 1950's when he started basically forcing people to hand over their gold to the regime.

These central banks been copping hella gold for years now. They got all sorts of reasons for doing it, like diversifying their reserves and hedging against inflation or geopolitical craziness. Plus, gold prices been lower lately, so they're taking advantage.

Now, peep this - some experts think this gold-buying spree could lead to a shift away from the US dollar as the top dog reserve currency. That could be a big deal for the US economy and global money markets. Others say nah, gold ain't that big a deal compared to the US dollar, euro, and yen.

If gold buying spree was an isolated event then we could argue about other possibilities. But it is not. We have an actual dedollarisation going on which has gotten surprisingly faster ever since I started this topic about 4 months ago. It tells us that all these banks/countries buying up gold at large quantities know of things to come, some from over a year ago.

[MusaPk]

Now there is news from India that Indian Rupee has also gone up to become global currency as 18 countries have agreed to trade in Indian Rupee. This announcement came in the backdrop of the commodities crisis due to sanctions imposed by US and EU on Russia due to Ukraine crisis. These 18 countries include:  

Botswana, Fiji, Germany, Guyana, Israel, Kenya, Malaysia, Mauritius, Myanmar, New Zealand, Oman, Russia, Seychelles, Singapore, Sri Lanka, Tanzania, Uganda and the United Kingdom.

This move will help importers in Indian to import goods by paying in Indian rupee. India is taking full advantage of current wave of de-dollarize, as India is one of key ally of Russia.

[Wind_FURY]

Now there is news from India that Indian Rupee has also gone up to become global currency as 18 countries have agreed to trade in Indian Rupee. This announcement came in the backdrop of the commodities crisis due to sanctions imposed by US and EU on Russia due to Ukraine crisis. These 18 countries include:  

Botswana, Fiji, Germany, Guyana, Israel, Kenya, Malaysia, Mauritius, Myanmar, New Zealand, Oman, Russia, Seychelles, Singapore, Sri Lanka, Tanzania, Uganda and the United Kingdom.

This move will help importers in Indian to import goods by paying in Indian rupee. India is taking full advantage of current wave of de-dollarize, as India is one of key ally of Russia.

I don't believe that the U.S. Dollar will be "ditched" and removed as a global reserve currency unless we see the MAJORITY of people from the U.S. and other countries wanting to migrate to China, India, or Russia in order to earn their salaries in those countries' salaries.

[concept2]

Gold buyers binge on biggest volumes for 55 years
Central banks are scooping up gold at the fastest pace since 1967, with analysts pinning China and Russia as big buyers in an indication that some nations are keen to diversify their reserves away from the dollar.
Data compiled the World Gold Council, an industry-funded group, has shown demand for the precious metal has outstripped any annual amount in the past 55 years. Last month’s estimates are also far larger than central banks’ official reported figures, sparking speculation in the industry over the identity of the buyers and their motivations.

The last time this level of buying was seen marked a historical turning point for the global monetary system. In 1967, European central banks bought massive volumes of gold from the US, leading to a run on the price and the collapse of the London Gold Pool of reserves. That hastened the eventual demise of the Bretton Woods System that tied the value of the US dollar to the precious metal.
Last month the WCG estimated the world’s official financial institutions have bought 673 tonnes. And in the third quarter alone central banks bought almost 400 tonnes of gold, the largest three-month binge since quarterly records began in 2000.



“The message these central banks are sending by putting a larger share of their reserves in gold is that they don’t want to be reliant on the US dollar as their main reserve asset,” Menke said.
Some in the industry speculate Middle Eastern governments are using fossil fuel export revenues to buy gold, most likely through sovereign wealth funds.

The world continues dumping US dollar, I've already talked about India buying gold and many times about Iran accumulating gold over the past couple of years. Now we have evidence of the other Eastern powers buying large amounts of gold. Many other smaller countries that don't fall into the global geopolitics like Qatar, Turkey, Uzbekistan, some African countries, etc. are also accumulating more gold.
 
This is the New World Order that is forming in front of our eyes, the old Dollar standard is slowly but surely going away which is causing high inflation in US as all the unbacked dollars they'd printed all these years are being dumped on USA itself and even higher inflation is seen in any country that is importing US inflation like Europe. Experts suggest that if US wasn't exporting its inflation, the real US inflation would have been somewhere north of 450% and that's where it's headed as the dollar dumping continues.

I recently watched an analyst who suggested that this is World War 3 which will be fought (at least for now) economically. The East vs. West as the East dumps US dollar that strains US economy. China suddenly lets loose COVID on the world (this past 2 weeks) that is already showing an increase in EU and US. Oil price ends the year with the 2nd straight annual gain and the general high energy prices among other things is slowly rendering EU useless as an economy and industrial power.

Although economy is not the only battlefield (we have energy, food and actual armed conflict between proxies) but it is affecting us the most. It is even affecting bitcoin price as it has successfully prevented its rise to higher ATH last year and even changed its bull trend and crashed the price below the previous (2017) ATH for the first time in bitcoin history.

With that said, 2023 outlook is already bad economically speaking.
How much of the points I raised do you agree with and how do you see 2023 specially when dollar dumping continues?

It's clear that the world is changing, and the old Dollar standard is slowly but surely going away. As more and more countries accumulate gold, the dollar is being dumped on the US, causing high inflation in the country. Experts suggest that if the US wasn't exporting its inflation, the real US inflation would have been somewhere north of 450%, and that's where it's headed as the dollar dumping continues. This is leading to the formation of a new world order, with the East vs. West as the East dumps the US dollar and strains the US economy. The situation is affecting not just the economy, but also energy, food, and actual armed conflict between proxies. It's clear that we're in the middle of a global economic war, and it's affecting us all. However, there may be some hope on the horizon. As more countries diversify their reserves away from the dollar and into other assets, we may see a more stable global economic system in the future.

[DrBeer]

What makes you think all people want democracy? If a country wants communism, let them have it. They want Taliban? Let them have Taliban. Who can stop them? The whole idea of world police or a country maintaining order and democracy worldwide is just wrong imho.

Because democracy is the optimal system for today. And it gives the most opportunities for people - in terms of self-realization, freedoms, opportunities.
By the way, a counter question: for example, in your country, people want democracy, and some want communism, for example - how to act within the framework of your proposal "let them build"? Which one to give preference to. Or, for example, some want socialism, while others want Nazism? Who should build their own system and what about other people's opinions?

[Semar Mesem]

I think the world economy is currently prone to problems, interdependence between countries makes no country able to stand alone, it's time for the country to think about strengthening the agriculture and plantation sector, because agriculture and plantations are a source of life, unfortunately many countries reduce agriculture and switch to industry so food prices continue to rise.

[DrBeer]

So it sounds like some countries are looking to diversify their reserves and become less dependent on the US dollar by buying gold. And while some believe we are in the midst of a World War III economy, that's not the mainstream view.

Of course there are tensions between East and West in terms of trade and currency exchange rates. And as for the prospects for Bitcoin in 2023, no one can guess – it is a volatile asset that is influenced by many factors and the outlook for the economy this year will depend on a variety of factors, such as global growth, inflation and geopolitical tensions.

Diversification is an absolutely normal process, it was, is and will be. In my opinion, today the situation is somewhat different.
On the wave of international pressure on terrorist countries, as expected, a group of countries "offended by the whole world" arose. The only thing they can do is create a lot of sound and try to spoil other countries. Sometimes it works, I agree. But on this wave, suddenly there was a vacancy, one place in the "bipolar world." Until recently, it was occupied by the USSR / RF, but the RF showed itself in 2022 as a complete dummy. replaced by China. China, which has a very difficult economic situation, huge debts, and strong dependence on the Western market. China needs:
- ensure the export of yuan inflation
- secure the flow of currency, and that same dollar
- to form a belt of appendages of the Chinese economy, which will stabilize it at the expense of the local economies of these countries.

Other, Western countries, are expanding their devirsified basket with gold, yes, this is not a secret. But this is not happening at the expense of the dollar! It is easy to check - you can look at the London Metal Exchange, for example, and make sure that in the dollar the price "walks" in a clear corridor for a long time, while in the Euro and Pound the price is growing, i.e. Euro and Pound in relation to gold - become cheaper. Then draw simple conclusions.onclusions.

[Wind_FURY]

I think the world economy is currently prone to problems, interdependence between countries makes no country able to stand alone, it's time for the country to think about strengthening the agriculture and plantation sector, because agriculture and plantations are a source of life, unfortunately many countries reduce agriculture and switch to industry so food prices continue to rise.

Inter-dependence and cooperation is OK, because no country could produce everything they need within their own borders. But what a country should do is be a net-exporter if it does import products from other countries. The United States is an exception because it can print something that's still in demand in world trade = the U.S. Dollar. It's probably their "greatest export".

 

[DrBeer]

There are fears on both the Russian and Western sides that one of the two sides could risk using nuclear weapons. Therefore, it is not surprising that someone uses this argument to condemn the other side and justify dangerous escalatory steps. I expect things to develop for the worse as long as the parties to the conflict have not yet sat down at the negotiating table.

Do you know what negotiations with Russia cost? NOTHING !
Russia never adheres to contractual obligations, unspoken words, or promises. Russia is now simply engaged in blackmail and terror and is trying to "take over" the whole world, scaring them with nuclear weapons. By the way, the rhetoric about a "preemptive nuclear strike" is not the words of NATO, but of the Russian Kremlin ghoul, and by the way, most of the population is directly squealing with joy, telling how they will turn European cities into nuclear ashes! Do not believe it - look at their state channels!
A pause is vital for Russia to restore its beaten to the state of a rag "second army of the world"! The only ""military" technology by which Russia is now fighting on the territory of Ukraine is "meat assaults". I apologize for the details - but for example Bakhmut (who the "second army of the world" has been trying to take for 8 months already), and his surroundings are simply bombarded with thousands of corpses of Russian terrorists, who wave after wave are sent just to try to break through the defenses of the Armed Forces of Ukraine. Like cattle to slaughter. Because there are almost no adequate personnel left, technical equipment is the topic of a separate story ... Just one fact - "the second army of the world ", which has almost all the weapons "unparalleled in the world", is forced to re-mothball and try to revive the equipment of the 1950-1960s!
And then, if Russia is given a chance and falls for its promises within the framework of negotiations, if Russia succeeds in restoring its strength, there will be further blackmail and further aggression. With rashistskoy Russia must be treated exactly the same as with Nazi Germany, these are two identical regimes!


And if we return to the topic - you didn’t notice how synchronously, they began to broadcast around the world, dubious sources about the “global rejection of the dollar”, “from the massive exchange of the dollar for gold”, and the forecasts of “everyone known analysts” (most of which have never been was not mentioned) that the dollar should be abandoned? Can't guess why?

[MusaPk]

I don't believe that the U.S. Dollar will be "ditched" and removed as a global reserve currency unless we see the MAJORITY of people from the U.S. and other countries wanting to migrate to China, India, or Russia in order to earn their salaries in those countries' salaries.

This is very much true. US dollar for decades has dominated the as global currency and most of trades including oil are settled in USD. Things are changing quite rapidly specially after Ukarine Russia war, as there are sanctions over Russia so there are few countries like China and India who are doing trade with Russia in currencies other then USD. Now India has signed an MoU with 18 counties, we need to wait to see implication of this deal.

[Mate2237]

USA dollar is one of the cause of the inflation in orh countries. The more USA dollar rises up against other currencies in the  world and it creates more cost of living  to the citizens in the world. Therefore, if the USA dollar goes down drastically then prices of things will also come down for the buying and selling in market commodities.

But I discovered one thing this day that USA dollar is getting devaluation in various countries. Like my country the dollar exchange rate is depreciating.

[Wind_FURY]

I don't believe that the U.S. Dollar will be "ditched" and removed as a global reserve currency unless we see the MAJORITY of people from the U.S. and other countries wanting to migrate to China, India, or Russia in order to earn their salaries in those countries' salaries.

This is very much true. US dollar for decades has dominated the as global currency and most of trades including oil are settled in USD. Things are changing quite rapidly specially after Ukarine Russia war, as there are sanctions over Russia so there are few countries like China and India who are doing trade with Russia in currencies other then USD. Now India has signed an MoU with 18 counties, we need to wait to see implication of this deal.

The problem with those countries that, signs a Memorandum of Understanding, and "agrees" that they will use each other's currencies for trade, is they hold most of their foreign reserves in the U.S. Dollar. Because they hold most of it in the U.S. Dollar, especially China, they can't simply "ditch" it. Truly deep inside of them, they should not want the United States to fall or else they too shall fall. It will be like a Bitcoin HODLer that wants the network to fail.

[DrBeer]

USA dollar is one of the cause of the inflation in orh countries. The more USA dollar rises up against other currencies in the world and it creates more cost of living to the citizens in the world. Therefore, if the USA dollar goes down drastically then prices of things will also come down for the buying and selling in market commodities.

But I discovered one thing this day that USA dollar is getting devaluation in various countries. Like my country the dollar exchange rate is depreciating.

Can you explain your assumption logically and with arguments? Well, here's an example of how and why the standard of living of Aung from Burma fell after the US printed a lot of dollars in 2020 to support the standard of living of its citizens who fell victim to the Covid-19 pandemic, and some were left without work or regular income.
Here, describe this situation, from the moment when packs of new ones (I objectively agree - not backed by anything, in this case, dollars) left the walls of the US Federal Reserve printing factory?
And bring the logical conclusion to the current - how did Aung have less money and he became poorer? It will be very interesting to listen!

[pooya87]

It will be like a Bitcoin HODLer that wants the network to fail.

It is more like bcash holders who know they are bag holding garbage and want to switch to something else while everyone tells them not to because everything is fine with bcash.