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Popular bullion dealer and financial commentator Andy Schectman believes the final pieces are now falling in place to steer the global economy and financial system back to a Gold Standard. During a recent interview with Liberty and Finance, Andy speaks about two important events that are clear proofs of the "little by little" then all at once moment Andy has been predicting for years. The first event is gold surpassing the Euro in global international reserves. According to recent reports, central banks' continued accumulation of gold, coupled with rising gold prices, has grown the precious metal's share of reserves to the detriment of fiat currencies. As of the end of 2023, gold had surpassed the Euro, and is now the second most-held asset by central banks after the US dollar.
The dollar's share of global reserves has been a steady fall in recent years, going from over 78 percent in the early 80s to 48 percent as of 2023. Gold has gone from 11 percent of global reserves to 18 percent as of 2023, while the Euro is stuck at 16 percent.
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Credit: Liberty and Finance
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