Gold’s Reserve Asset Status Strengthens as the World Becomes Multipolar
According to Sprott Inc.’s market strategist Paul Wong, the value of gold as a reserve asset is growing around the world as the globe slowly shifts from a unipolar system to a multipolar system. He explains that the current price swings witnessed in the gold market may mask this new reality, but a close examination of market fundamentals attests to this fact. The managing partner explains that recent surges in the value of the dollar reflect how important the greenback is at a time of economic and geopolitical turmoil in many regions. During such times, countries need cash to meet…
