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Exclusive: Central banks eye gold, euro and yuan as dollar dominance wanes
Reuters ^ | 24 Jun 25 | Y Bacelli

Posted on 06/24/2025 9:34:57 AM PDT by delta7

Summary Gold seen as biggest winner from dollar diversification Euro seen top currency to benefit in short term - OMFIF survey Yuan favoured by central bankers over a longer time frame Reuters' sources see euro recovering some lost ground quickly Euro share of reserves likely to rise in next few years. LONDON, June 24 (Reuters) - The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the euro and China's yuan as the splintering of world trade and geopolitical upheaval spark a rethink of financial flows. According to a report, opens new tab by the Official Monetary and Financial Institutions Forum (OMFIF) due to be…..

(Excerpt) Read more at reuters.com ...


TOPICS:
KEYWORDS: brics; concerntroll; concerntrolling; cuz1961; multiplenicks; ntsa; usd; usdollar
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The world’s Wealth is moving from the West to the East…..Socrates nails it. It’s not going to happen overnight, but rest assured it will happen.
1 posted on 06/24/2025 9:34:57 AM PDT by delta7
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To: delta7

Gold, yes. Euro & Yuan, makes no sense.


2 posted on 06/24/2025 9:37:24 AM PDT by Robert DeLong
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To: delta7
LOL Think about it: How does the rest of the world hold enough dollars to function as a reserve?

Trade deficits.

Think Europe or China will ever run deficits large enough for long enough to function as a reserve currency?

What is happening are barter deals: oil or some raw material to China who pays in Yuan and then the Yuan pay for imports from China. Or better, China makes big loans, Chinese and local officials enjoy a feast of embezzlement, and the country reneges on the deal.

3 posted on 06/24/2025 9:45:02 AM PDT by pierrem15 ("Massacrez-les, car le seigneur connait les siens" )
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To: delta7

Trading one failing, mismanaged fiat for another makes no sense. They can horde lumps of shiny metal if they want, I’ll go with bitcoin for its greater utility, fungibility, ease of use, lower TX costs, greater security via multisig, inability to counterfeit/fake, and more rigid scarcity.


4 posted on 06/24/2025 9:54:28 AM PDT by EnderWiggin1970
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To: delta7

China’s yuan, is that even real ? LOL


5 posted on 06/24/2025 10:09:10 AM PDT by butlerweave
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To: delta7

“Socrates nails it. “

LOL! S9crates socks!


He failed to predict his three bankrupsies.

He failed to predict his losing $700 million of his clients’funds.

He failed to predict he would spend eleven years in the federal pen.

In 2014 he predicted gold would soar to $5,000 in 2015.

In 2014 he predicted that there would be a world financial collapse would occur in 2015.

July 2024 he predicted US cIvil unrest/WAR to happen just before the 2024 elections.

November 2024 he predicted a US civil war would happen the week of Trump’s inauguration with the US breaking up into four new countries in 2026.

December 2024 he said via Socrates that the 2024 elections would be the last in the US.

January 2025 he predicted US civil unrest on May 7.

June, 2025: The EU is DONE – Ukraine Will Be Wiped off Map

March 15, 2025: Got suckered by fake story https://freerepublic.com/focus/news/4304515/posts?page=40#40


6 posted on 06/24/2025 10:12:39 AM PDT by TexasGator (1FDD logo About Issues Projects Products Connect Subscribe Invest June 19, 2025 | Insight '1-1111 -)
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To: Robert DeLong

The Euro is silly.


7 posted on 06/24/2025 10:15:33 AM PDT by 9YearLurker
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To: pierrem15

A reserve currency is not based upon your ability to inflate it away. That’s exactly what got us into this mess. China and much of the world wants something more stable. They don’t wanna store their wealth in dollars and watch it’s value erode away by inflation which we used paper massive military and welfare programs.


8 posted on 06/24/2025 10:25:09 AM PDT by DesertRhino (2016 Star Wars, 2020 The Empire Strikes Back, 2025... RETURN OF THE JEDI….)
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To: delta7

soros and crew started pouring money and tech into china in the early 90s when the clintons took office.

we gave the chinese our manufacturing base and explained the upgrade. then the pc revolution gave them a huge bump... a bump that we never had in the US.

bringing back manufacturing will improve employment in the US while hosing the chinese a bit... but we’ll never match their manufacturing might.... which is the core component in a drone based war.

the next war, a drone war with china, is already lost.

and no, EMPs aren’t a silver bullet against hardened drones.


9 posted on 06/24/2025 10:31:27 AM PDT by sten (fighting tyranny never goes out of style)
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To: DesertRhino
Then the only real alternative is gold or a gold backed currency. But that would limit the ability of the governments that use it to spend like drunken sailors, too, which is why they won't do it.

China's spending is even more out of control than ours: they just hide it better by laundering it through multiple banks and CCP owned firms and use their trade surpluses to subsidize the domestic economy.

10 posted on 06/24/2025 10:37:09 AM PDT by pierrem15 ("Massacrez-les, car le seigneur connait les siens" )
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To: delta7

“Socrates nails it”

What’s that? You talk like a gangster.


11 posted on 06/24/2025 11:01:05 AM PDT by CandyFloss
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To: delta7
As I write this...

The U.S. Dollar Index (USD) is trading at 97.39 against a basket of foreign currencies.

97.39 is the lowest price since February 2022.

USD 100 is considered neutral.

Above 100 indicates USD strength.

Below 100 indicates USD weakness.

USD was trading at 109 in January 2025.

USD is down 9% in six months, which is a fairly large drop for a major currency.

Real Time quote...

https://www.cnbc.com/quotes/%40DX.1?qsearchterm=

12 posted on 06/24/2025 11:15:23 AM PDT by zeestephen (Trump Landslide? Kamala lost the election by 230,000 votes, in WI, MI, and PA.)
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To: zeestephen

Most are clueless. They will never pull up a “ history “….USD is in a decades decline…..decades ago 140…..then down to 120…now hitting under 100…70’s 80’s is already written.


13 posted on 06/24/2025 11:39:08 AM PDT by delta7
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To: 9YearLurker

Even the Yuan is also silly. There currency is no more stable than ours is.


14 posted on 06/24/2025 1:59:03 PM PDT by Robert DeLong
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To: Robert DeLong
Gold, yes. Euro & Yuan, makes no sense.

Yuan makes some sense if one is trading with China and not relying entirely on it.

Euro has all the problems of the US Dollar only much more so.

15 posted on 06/24/2025 2:36:23 PM PDT by Salman (The main deception of media is not political bias. It's the pretense they know what is going on.)
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To: Salman
I think that China's economy is far more shakier than is ours, by articles I have seen. China is great at creating mirages for people to see. Debt is our big problem.

The tariffs are having a large impact on their economy:

MERICS China Forecast 2025: Economic stress increases risk of domestic instability

The Great Unraveling of China's Economic Model

China’s Economic Growth Boosted By Stimulus? | World Business Watch WION

The Bigger Threats to China’s Economy

16 posted on 06/24/2025 3:49:20 PM PDT by Robert DeLong
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To: delta7

“USD is in a decades decline…..decades ago 140…..then down to 120…now hitting under 100…70’s 80’s is already written.”

The USD is in a long term rise from the low of 74 in 2009. And you know that since I have previously posted it to you the last time you posted from your copy/paste library.


17 posted on 06/24/2025 4:46:00 PM PDT by TexasGator (1FDD logo About Issues Projects Products Connect Subscribe Invest June 19, 2025 | Insight '1-1111 -)
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To: zeestephen

Your chart shows:

Lots of steep drops.

The present value is about the same as it was 35 years ago.


18 posted on 06/24/2025 4:53:17 PM PDT by TexasGator (1FDD logo About Issues Projects Products Connect Subscribe Invest June 19, 2025 | Insight '1-1111 -)
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To: delta7

“USD is in a decades decline…..decades ago”

About the same as it was 35 years ago!


19 posted on 06/24/2025 4:54:28 PM PDT by TexasGator (1FDD logo About Issues Projects Products Connect Subscribe Invest June 19, 2025 | Insight '1-1111 -)
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To: Robert DeLong

But there’s value in diversification to a degree, as well as a longer-term bet on the economy.


20 posted on 06/24/2025 5:31:55 PM PDT by 9YearLurker
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