The US dollar is the world'd reserve currency because there's nowhere else to go? The Roman denarius was the reserve currency with no challenger, yet it collapsed on its own.
When fiat dies, safe assets and core essentials become the new currencies.
— Silver Watchdog (@Silver_Watchdog) July 30, 2020
The gold price, which historically has had an inverse correlation with the dollar, hit a record of more than $US2000 an ounce on Monday as risk-averse investors fled the traditional safe haven of US Treasury securities.
Changing economic conditions can trigger various side effects, including an uptick in inflation. When inflation leads to rising prices and a decline in the purchasing power of money, your dollars and cents don’t stretch as far. Hyperinflation is an extreme …