De-Dollarization: Central Banks Ditching USD for Gold - What You Need to Know | The Gold Spot

Gold's record rally has investors celebrating, but it signals a larger story about the dollar's waning power. Countries are abandoning USD en masse through de-dollarization, which could have disastrous consequences for US investors.

Our government’s addiction to reckless spending and money printing fuels inflation, interest rates, and erodes Americans' buying power. On the international stage, it pushes adversaries and allies away due to a growing lack of confidence in the greenback.

With the US dollar's reputation falling, central banks are buying gold at record rates while dumping U.S. bonds. China and Russia are leading this charge to bypass sanctions while fellow BRICS members seek to improve their economies.

As demand for the dollar wanes, gold benefits tremendously. This has been a primary driving force behind its recent gold rally. This should serve as a free investment lesson to everyday investors from the world's most experienced and wealthiest investors.

The debt crisis can't be ignored. It will affect the value of the dollar and all dollar-linked assets, damaging the nest eggs and portfolios of investors across the country. It's time to prepare for the impact of de-dollarization.

Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Sr. Precious Metals Advisor Steve Rand and Precious Metals Advisor Tim Murphy explain what gold’s surge might indicate about the dollar’s strength, why countries are abandoning USD, and what this shift means for all US citizens.

READ MORE HERE: https://www.sbcgold.com/blog/dedollarization-central-banks-ditching-usd-for-gold/?utm_source=youtube&utm_medium=video&utm_campaign=goldspot_yt_05152024

⭐ RELATED LINKS:

💸 De-Dollarization 101: What to Know About the Global Shift Away From the Dollar: https://www.sbcgold.com/blog/de-dollarization-101-what-to-know-about-the-global-shift-away-from-the-dollar/?utm_source=youtube&utm_medium=video&utm_campaign=goldspot_yt_05152024

💵 The Gold Standard: Everything You Need to Know: https://www.sbcgold.com/blog/the-gold-standard-everything-you-need-to-know/

▶️ U.S. Debt Crisis: How We Got Here & Why "Something is Going to Break": https://youtu.be/xSlitB13tl0

▶️ $34 Trillion Visualized: https://youtu.be/Rg04KeISsgo?feature=shared

📈 See Live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/?utm_source=youtube&utm_medium=video&utm_campaign=goldspot_yt_05152024

🪙 Get Gold and Silver Coin Prices:
https://www.sbcgold.com/buy-gold-and-silver/coins/?utm_source=youtube&utm_medium=video&utm_campaign=goldspot_yt_05152024

👉 Get Gold Bullion Bar Prices:
- https://www.sbcgold.com/buy-gold-and-silver/buy-gold-bars/?utm_source=youtube&utm_medium=video&utm_campaign=goldspot_yt_05152024

⭐ @sbcgold Precious Metals Advisors in this The Gold Spot video:

👤 Steve Rand: https://www.sbcgold.com/about/steve-rand/?utm_source=youtube&utm_medium=video&utm_campaign=goldspot_yt_05152024

👤 Tim Murphy: https://www.sbcgold.com/about/tim-murphy/?utm_source=youtube&utm_medium=video&utm_campaign=goldspot_yt_05152024