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Goldman Warns: Dollar Losing Status On Global Markets

Currencies Fail
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EDITOR NOTE: Goldman Sachs recommends that investors continue buying gold. We add silver to that mix, both being non-dollar denominated assets. Unless you’ve been asleep over the last few months, you would’ve invariably notice that the dollar is sinking. It’s now in danger of losing its reserve currency status. Think of what’s happening on the world’s monetary stage--in October a major global currency reset may take place (with the IMF at the helm), further unseating the dollar as the world’s currency. Dollar holders beware.

Goldman Sachs Group Inc. put a spotlight on the suddenly growing concern over inflation in the U.S. by issuing a bold warning Tuesday that the dollar is in danger of losing its status as the world’s reserve currency.

With Congress closing in on another round of fiscal stimulus to shore up the pandemic...

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