Mark Moss says the dollar isn't dying suddenly but losing ground steadily. A decade ago it made up 60% of global foreign exchange reserves; now it's 40%, while gold has climbed to 50%. The two lines have crossed.
You want to know when the dollar is really going to die? What if I told you it's not an event that's coming, but rather something different? Let me show you a chart here. This is the dollar's role in global reserves. Now, what we can see is the dollar held about 60% of global reserves until about 10 years ago. Since that time of holding its position, it's been falling off of a cliff. Today, it's sitting right around 40%. And at the same time, we're seeing the largest return of the world's oldest reserve system. We're talking about gold has now peaked to a point of 50%. 50%. You can see these two lines have actually crossed. So instead of waiting for one day when the death of the dollar finally comes, stop thinking of it as an event and rather realize that it's an actual process, and we're going through it right now.
