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Replace US Currency Field into the Operating Agreement

Replace US Currency Field into the Operating Agreement

Aug 6th, 2022

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How to Replace US Currency Field into the Operating Agreement

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26 votes

With central bank stimulus weakening the dollar and gold nearing its all-time high, discussions are emerging about whether gold could replace the US dollar as the world's reserve currency. The dollar has held this status for decades, but since detaching from the gold standard in 1971, it has weakened significantly. Key to this situation is the confidence in the US government and its political system, which gold does not suffer from. However, gold's transportability poses a challenge. Therefore, a currency backed by gold or a digital asset tied to physical gold may be more viable as a replacement for the dollar than actual gold bars.

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