Reform of US Dollar as Reserve Currency Status

BRIC countries starting talks to revise the Brentton Woods Agreement.

This is the start of a series of reforms which is designed to dismantle and revise the current financial system. One of the main concerns on the table is the US dollar reserve currency status. The actions taken by these countries help the support of precious metal prices and further demonstrates that gold and silver is a good investment for the long term.

The US still holds power to veto any changes to the BW agreement, therefore the longer the delay in the reform, the better positioned gold/silver investments stand. When and if the US dollar is no longer the worlds reserve currency, all US dollars being circulated as of today will come home to be exchanged for the next reserve currency. Thus, will help drive up prices for precious metals and precious metal stocks.

Video source: RT

Category:

Education

Tags:

• BRIC
• Debt
• dollar
• collapse
• brent
• woods