The world will continue to shift away from the US dollar in the wake of the Russian war in Ukraine and subsequent sanctions levied against Moscow, says one precious metals expert, as he says holding gold is the only way to preserve wealth.
Byron King, the editor of Outstanding Investments & Energy & Scarcity Investor, and a Harvard-trained geologist said, “The way Western currencies have been mistreated by their own governments, mismanaged and mistreated, is scandalous. You can argue that what Russia has done is horrible, but the U.S.’s move to weaponize its dollar can’t be undone, and the world is watching to see what happens next. Gold’s price action is a testament to its historical value. Holding physical metal will help preserve wealth during this very tumultuous time as the world transitions away from the U.S. dollar.”
