5 December 2023
Henry Kissinger’s recent passing highlights his role in creating the 1974 “Petrodollar Accord,” stabilizing the U.S. dollar by tying oil sales to it. However, this system faces challenges as BRICS nations and others move away from dollar-based trade, potentially weakening the dollar’s global position. With these shifts, investing in gold could be a strategic response to anticipated changes in the global monetary system.