Gold, de-dollarization, global economy

[Peter90]

[Peter90]

[Peter90]

Gold chart 2000-2024

[Peter90]

[Peter90]

Fiat vs. gold

WCU = basket of the fiat currencies of the 20 major economies in the world

10 years chart

[Peter90]

Asia winning, I would say
India big winner

[Peter90]

The World's Largest Consumer Markets In 2030

zerohedge.com

[Peter90]

Which Country Owns The Most Vehicles Per Capita?




visualcapitalist.com

[Don Pedro Dinero]

I'm not sure why this thread has no replies from other members. Probably because you just post data and graphs without commenting. In my case I think having a small percentage of physical gold is advisable for diversified portfolios, I don't think I'm de-dollarising anything. What you can buy with gold has risen a lot over the years not so much because of the appreciation of gold as because of the devaluation of the dollar, and with paper gold it is easier to manipulate the price so that it does not rise so much. But bitcoin, which is basically digital gold, has increased its purchasing power much more in proportion.

[Peter90]

just found this
quite interesting I think

[Peter90]

[Peter90]

China Tops Global Diplomacy Index

China has the most diplomatic posts abroad out of any country in the world, according to the Lowy Institute’s 2024 Global Diplomacy Index, published Sunday. Close on its heels comes rival global superpower, the United States.
As the following chart shows, China and the U.S. are the world heavyweights when it comes to diplomatic efforts, with a total of 274 and 271 posts abroad, respectively.
China overtook the U.S. as the world’s leading diplomatic nation back in 2019 and has maintained the position ever since.

According to the institute, Beijing has a higher number of diplomatic postings than Washington in Africa, East Asia and the Pacific, as well as Central Asia, following the U.S. withdrawal from Afghanistan.
Meanwhile, the U.S. is ahead diplomatically in Europe, North and Central America and South Asia.
Both nations are now matched for posts in the Middle East and South America.

A number of so-called middle powers are also strengthening their networks though.
Türkiye rose to rank three this year (up from rank 5 in 2023), while India is now in position 11 (up from rank 12 in 2023). These two countries have the fastest growing networks of the Index. Of India’s 11 new posts since 2021, eight of them have been in Africa.

[Peter90]

'A Rocky Road To De-Dollarization' - Pepe Escobar Interviews Sergei Glazyev

Sergei Glazyev, the Minister for Integration and Macroeconomics of the Eurasia Economic Commission (EEC), the policy arm of the Eurasia Economic Union (EAEU)

"The idea of the currency is that there are two baskets: one basket is national currencies of all countries involved in the process, like the SDR, but with more clear, understandable criteria. The second basket are commodities.
If you have two baskets, and we create the new currency as an index of commodities and national currencies, and we have a mechanism for reserves, according to the mathematical model that will be very stable. Stable and convenient.”

Then it’s up to feasibility: “To introduce this currency as an instrument for transactions would not be too difficult. With good infrastructure, and all Central Banks approving it, then it’s up to businesses to use this currency. It should be in digital form – which means it can be used without the banking system, so it will be at least ten times cheaper than present transactions through banks and currency exchanges.”

zerohedge.com

[trendcoin]

Asia's rise is very clear in the charts... Global reserve currencies have changed throughout history. Whoever has been strong has deserved to be the reserve currency. We think we are building better civilizations every year, but the law of the jungle still works... :) It is clear that the US has become less influential in North Africa and West Asia than it used to be. In other words, they are no longer strong enough to make the money they print valuable to minimize the destruction caused by the COVID-19 virus. If this situation continues, the global reserve money will change hands one day, but I have no prediction on the timing, and if that happens, gold may be an intermediate transitional stop.

In fact, I think the history books will associate this collapse with the 2008 mortgage crisis and make references to that period. Undoubtedly difficult times will await us, undoubtedly it will be a painful process, but I would always prefer to live in these days than to witness World War II.

[Peter90]

Asia's rise is very clear in the charts...

Amen! 



Go Indonesia!