KW: Reports such as this usually are reliable in pointing to one thing and that is that gold will have an increasing influence going forward as the de-dollerisation strengthens. There have been many attempts by various nations to undermine the dollar’s preeminence in recent decades. Some were nipped in the bud by US interventions — such as the plan of Iraq’s former dictator Saddam Hussein to sell oil for euros. Or the rumored plan of Libya’s eccentric ruler Muammar al-Gaddafi to issue a pan-African gold currency. Perhaps it is clear that the U.S. is actively going to pursue the main breakaway protagonists once more (China and Russia) as war rhetoric about North Korea rises to a crescendo.

Source: The World Is Creeping Toward De-Dollarization | Mises Wire