The Smartest Investors Club
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Smartest Investors Club

Investing

Andy Schectman: How to Win When the Dollar’s Hegemony Ends

by February 8, 2024
February 8, 2024
Andy Schectman: How to Win When the Dollar’s Hegemony Ends

‘The rallying cry that’s pulling all of this together is the weaponization of the dollar, and I would also argue the fact that we signed an executive order to go green … we have in essence told the Saudi kingdom and OPEC, who gives us the dollar hegemony by pricing oil in dollars, that we’re going to go green pretty soon, and if you’re on the wrong side of us we’re going to sanction your funds,’ he said at the Vancouver Resource Investment Conference (VRIC).

Explaining the concept of logarithmic decay, Schectman said he believes diverse forces are chipping away at the US dollar’s dominance. Its decline will happen slowly before taking a nosedive all at once.

Gold will benefit from these circumstances in the long term, but its 2024 trajectory is harder to pinpoint.

‘What I will say to you is this — it’s now January. In October, you have the BRICS meeting, where they’re going to announce which countries have been admitted, and maybe even a commonly backed currency. (That’s) one month before the election that will reshape the world. And I would say to you the likelihood of having something happen with gold grows by the day as we get closer to these two very, very landmark, pivotal decisions,’ Schectman said.

He also discussed the concept of diversifying within a primary trend, saying that diversifying too broadly is dangerous.

‘I think the way to do this is to identify the primary trend. And if the primary trend is of increasing of commodities, and you take a very big position within it and broadly diversify within that sector … that gives you a broadly diversified representation of the primary trend,’ Schectman explained, pointing to uranium, silver and copper as examples.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Pakistan prepares for pivotal election as one of the leading candidates serves jail time
next post
What Was the Highest Price for Copper? (Updated 2024)

You may also like

High-Grades up to 65g/t Au at Second Fortune...

Sarama Corporate Presentation – June 2024

West High YieldResources Ltd. Announces Closing of Private...

39% Increase in High Grade Measured and Indicated...

Trigg Expands Tier-1 Australian Antimony-Gold Tenure with Grades...

Changes to the Board & Company Update

Top 10 Tungsten-p​roducing Countries (Updated 2024)

Biotech Market Forecast: Top Trends for Biotech in...

Drilling Is Set to Begin on MTB’s Telegraph...

Pinnacle Silver and Gold Provides Corporate Update and...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • ‘A fear campaign.’ Students around the world are shocked, scared and saddened...

    • North Korea deploys mystery balloon-like objects to stricken warship, satellite photos show

    • NVIDIA Rallies After Strong Q1, AI Demand Outshines China Export Hit

    • US senators meet with Zelensky in Kyiv as doubt cast over upcoming Ukraine-Russia peace talks

    • Israel’s plan to ‘conquer’ Gaza is leaving Palestinians with little place to go: 5 maps show how

    Categories

    • Business (1,673)
    • Investing (4,999)
    • Politics (7,837)
    • World (6,349)
    • Terms & Conditions
    • Privacy Policy
    • About us

    Disclaimer: thesmartestinvestorsclub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 thesmartestinvestorsclub.com | All Rights Reserved


    Back To Top