Gold will rise as the U.S. dollar loses its status as the world’s reserve currency, said John Kaiser, Founder of Kaiser Research Online, at the PDAC 2022 Convention in Toronto. He mentioned that China and Russia would form an Eastern axis of economic power.
“The US dollar will not be used within the China-Russia axis,” said Kaiser. “They’re going to fracture the hegemony of the US dollar. It’s not an overnight thing, it’s not black and white. It’s going to be a transitional thing. And I think that’s where the real price of gold will flourish.”
Kaiser spoke with David Lin, Anchor and Producer at Kitco News.
Autocracy, the US dollar, and gold
Kaiser said that the United States is moving towards authoritarianism, and that gold is a safe haven as political uncertainty rises.
“We see even in America, lots of people wanting to have an autocracy, a dictatorship as the foundation,” he said. “Now if this starts to happen, everything starts becoming unstable and currencies, even the US...
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