30 June 2023
The US dollar’s position as the world reserve currency is being challenged by calls for a return to a gold-backed monetary system. Dissatisfaction with the dollar’s privileges and concerns about its hegemony have led to a push for change. States should prepare for a potential collapse of the dollar and consider adopting a competitive environment where currencies backed by gold can coexist. Timing is crucial, and leading the way in embracing sound money backed by gold can provide a significant advantage in the evolving global monetary landscape.