Warren Buffett Waved Away De-Dollarization, Dollar Dominance Fears
The greenback is unlikely to cede its global status for decades to come, if ever — but printing too many dollars may cause big problems, Buffett said.
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The greenback is unlikely to cede its global status for decades to come, if ever — but printing too many dollars may cause big problems, Buffett said.
The dollar is "very expensive in historical terms, suggesting that a narrative of secular dollar decline is not prevalent in the market."
India and Indonesia sign deal to use their local currencies in bilateral trade, ditching the US dollar.
There is an accelerating trend towards global de-dollarization. What's behind the phenomenon and when did it start?
Russia recently announced the possibility of the gold market’s new bullish momentum with the introduction of a new trading currency backed by gold. This compounds the de-dollarization trend unfolding in the global economy, which included the prevalent historic pace of purchasing precious metals by central banks worldwide since the middle of 2022 to diversify their reserve […]