The U.S. dollar could start to lose power. Here's why more countries are turning away from the dollar.
Here's what we know:
China's yuan has become the most traded currency in Russia since the Russia-Ukraine War began.
China & Brazil have agreed to start trading in their own currencies.
China & Malaysia are talking about creating an Asian Monetary Fund to reduce their dependency on the greenback.
There's a chance that more countries may come to this realization and break ties with the American currency.
But that's not the only concern lurking...Eurizon SLJ Capital's Stephen Jen warns that inflation is still a BIG threat to the already dwindling dollar. He says that the dollar could weaken by 15% over the next 18 months. Those threats could further chip away at your savings.
CNBC reports that 401(k) accounts from some of the biggest agencies dropped more than 20% in 2022–and that was without the risks just mentioned...
Now is the time to safeguard your retirement by investing in proven safe-haven assets like gold and silver.
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