Opinion | As world adjusts to changing monetary regime, gold can serve as a hedge
Gold still preserves its status as a payment instrument in world trade
Currencies of different countries have enjoyed reserve currency status for a cycle of nearly 100 years—the Portuguese from 1450-1530, the Spanish from 1530-1640, the Dutch from 1640-1720, the French from 1720 -1815, and the British from 1815-1920. Evidently, reserve currency status does not last forever. The US dollar has enjoyed dominant currency status since 1920. Having reached the end of the 100-year cycle, the question is: will this be true for the dollar too?