US Dollar Now Effectively Replaced As World’s Reserve Currency by This Asset,

I have never been in love with gold as a reserve store of wealth. not least because only a sociopathic hoarder wants to physcally own it. Money is an exchange tool and so far the US dollar has been our default currency.

Globally the best store of wealth has been stocks.  you can run away.  I remember an old dutchman who bot Canadian railway stocks before WWII, came to New York after and established his identity and got his stock reissued.  He had burned the original certs.

Try fleeing with a pound of gold in your suitcase.  Today bitcoin is your friend.

US Dollar Now Effectively Replaced As World’s Reserve Currency by This Asset, 

According to Black Swan Author Nassim Taleb

By Henry Kanapi

US Dollar Now Effectively Replaced As World’s Reserve Currency by This Asset, According to Black Swan Author Nassim Taleb

Economist and best-selling author Nassim Taleb says a single asset has overtaken the US dollar’s position as the world’s de facto reserve currency.

Financeflux | On June 22, 2025

In a new interview with Bloomberg, the Black Swan author says that the US dollar has lost its status as a reliable safe-haven asset, noting that people prefer to invest in the stock market rather than hold a currency that declines in value over time.

He also says that America’s sweeping sanctions against Russia for its invasion of Ukraine marked the beginning of the end of the dollar’s reign as the world’s reserve currency. According to Taleb, gold is now the world’s reserve currency, highlighting that the dollar’s credibility eroded after America and its allies weaponized the USD.

“That would end up being reflected in stocks, the slow decline of the dollar, and effectively, there’s a second risk. The first one is the deficit, the second one is effectively that the dollar is losing its status as a reserve currency…

You can see the accumulation of gold in the reserves and the behavior of gold over the past 12 months. And it didn’t start with Trump’s policies. Of course, it started with Biden when he froze the accounts of people connected to Putin, and of course, thinking that it would be limited there, but people not connected to Putin decided to stay away from the euro and the dollar.

And gold is effectively now the reserve currency. Transactions take place in dollars and euros, usually dollars, and at the same rate, however, they get converted back into gold. And we can see that from the accumulation of reserves.”