The global debt pyramid built on the dollar will inevitably collapse.
Publika.az reports that such a forecast was voiced by the well-known Russian economist Valentin Katasonov.
According to him, the global financial system in its current form is no longer viable and must soon be radically changed. The economist believes that one of the main innovations may be to return to the old unit of value, which has been gold for many centuries. According to the expert, anyone who wants to save money for the long term should buy it.
According to Katasonov, in the coming years this precious metal will definitely restore its previous status and value as a reference asset. According to the expert’s calculations, this will happen immediately after the US dollar ceases to be the world’s main reserve currency. Central banks of all countries will begin to remove it from the structure of gold reserves.
“Along with the dollar, the monetary authorities of the states will start buying gold again. Thus, its price will only increase in the near historical perspective,” the expert emphasized.
In this regard, he advised all Russians to start hoarding the precious metal either in coins, jewelry, or bullion.
#dollar #collapse #save #money #buy
