Swiss America: Gold Standard News Daily

6.27.25 - Has the Dollar become 'Toxic'?

Gold last traded at $3,270 an ounce. Silver at $35.94 an ounce.

EDITOR'S NOTE: Is the de-dollarization movement forever changing the global marketplace? A Russian economist is calling the dollar "toxic". Others have referred to it as politically weaponized. Now matter what one labels it, there is no denying the scramble for alternate currencies—for trade and for reserve assets—is fast making the dollar a relic in the worldwide economy.

De-Dollarization Accelerates As US Dollar Becomes 'Toxic', Expert Warns

by Loredana Harsana

The US dollar has become increasingly toxic in global markets, and this reality is forcing countries around the world to seriously rethink their financial strategies right now. One of the most prominent economists in Russia has said that the dollar is now weaponized to the extent that global countries are scurrying around to seek alternative options and that this is already transforming foreign exchange reserves and currency diversification policies as well as global trade patterns in a manner and extent never experienced in the past.

Sergey Glazyev, commissioner at the Eurasian Economic Union and a commissioner of integration and macroeconomics is not beating around the bush in voicing his opinion about how bad Western currencies are doing at the present time. His evaluation has led to main discussions and also one that is an eye opener to anyone following money power in the world.

The only IMF reserve currency that is finally not politically toxic is the yuan. Quite the contrary, mistrust is the main issue of Western currencies like the US dollar, the euro, the pound, and the yen.

These are the weapons of a political war, Glazyev told an interview at the Chongyang Institute for Financial Studies. Many economists have been quietly discussing this profiling of the US dollar as a poison – that the dollar myth of being a neutral global currency has been tarnished and that nations are starting to reward major strategic measures. READ MORE

RealMoneyBlog - Free daily/weekly email

6.26.25 - Central banks turn to gold over the dollar

Gold last traded at $3,324 an ounce. Silver at $36.66 an ounce.

EDITOR'S NOTE: This article points out how, 'a year must feel like a decade' to the investing public, given the volatility in today's markets. I think that assessment is spot on. It also takes a good look at what central banks are doing, which is accumulating more gold.

Central banks turn to gold over the dollar -OMFIF.org

by Nikhil Sanghani

A year must feel like a decade for public investors. Last year, our annual Global Public Investor survey showed the dollar was the most in-demand currency for reserve managers. Having recouped earlier losses, many were also willing to add risk to their portfolios. Fast forward 12 months and the script has flipped. Now there are growing questions over the dollar’s dominance in portfolios and public investors are seeking safe-haven assets.

OMFIF’s Global Public Investor has tracked central bank reserve managers’ investment strategies since its inception in 2014. In the first edition of the report, we wrote that ‘diversification into different sectoral and geographical categories is increasing’ owing to ‘sub-optimal returns from traditional currencies and instruments’ in a low interest rate environment.

For central banks, particularly those with growing reserves, there was appetite to move into higher-yielding currencies and riskier asset classes such as corporate bonds or equities. ‘Some official managers have reduced gold holdings to generate more balanced portfolios,’ we noted, adding that others were increasing gold weightings for the same reason.

Over a decade later, this year’s GPI report, based on a survey of 75 central banks, shows the appetite for diversification continues. But for very different reasons. The foundations of the global economic order, underpinned by globalisation and the dollar, are shaking.

Protectionism, geopolitical tensions and volatile policy-making are becoming norms. In this environment, close to 60% of surveyed central banks are seeking to diversify their portfolios within the next two years (Figure 1). This is primarily for risk management and resilience purposes, beyond bolstering returns.

Conducted from March to May this year, the survey revealed that 96% of reserve managers view US tariffs as a major geopolitical concern. This is not a temporary consideration: over 80% of reserve managers have geopolitics in their top three factors shaping longer-term investment decisions, ahead of inflation, real interest rates and technological change. READ MORE

RealMoneyBlog - Free daily/weekly email

6.25.25 - Why Gold Makes Sense for Long-Term Investors

Gold last traded at $3,333 an ounce. Silver at $36.25 an ounce.

Currency News: Chinese Yuan Emerges as Top Threat to US Dollar Power -Watcher.Guru

The dollar is being dethroned; in large part due to the de-dollarization efforts spearheaded by the BRICS alliance. If the dollar is usurped, which currency will claim the throne? Currently at the top of the list, is the Chinese Yuan.

by Juhi Mirza

As the world rapidly embraces new financial orders and development packaged in the guise of a multipolar currency system, the US dollar is now standing in a questionable position. The dollar has weakened significantly, shedding nearly 10% of its value in the past year. That being said, a weak dollar is considered a vulnerable dollar and is now attracting credible foes that could derail its plan. The process of displacing the dollar has already begun, with the Chinese Yuan standing at the forefront of this very change. Can the yuan truly help accelerate the dollar’s decay? Let’s find out.

As the US dollar weakens due to an array of external forces, including Trump’s tariff stance and rising geopolitical tensions, China is leaving no stone unturned to capitalize on the aforementioned development. China is now using all its strength to bolster the internationalization of the Chinese Yuan by attracting more foreign investor attention towards its currency.

Pan Gongsheng, the governor of the People’s Bank of China, recently shared his opinion on promoting a multipolar currency order. Gongsheng was clear about his intent, adding how the world should move away from the dollar or the idea of relying on a singular currency for the long term. READ MORE

Why Gold Makes Sense for Long-Term Investors -Investing Haven

Gold's stability has shone for millennia. Its recent gains have proven, yet again, why it always has a place in every investor's portfolio. If you're wondering why its upward trajectory may continue, here are some reasons.

Gold remains a reliable long-term asset, offering inflation protection, diversification, and resilience amid global debt and market uncertainty. Analysts expect prices to rise further, with opportunities even during potential pullbacks.

In 2025, gold has once again proven its staying power as a trusted store of value. With prices surging nearly 30% year-to-date to hover around $3,400 per ounce, investors are paying close attention.

While gold often grabs headlines during crises, its true value lies in how it supports a long-term investment strategy—offering diversification, inflation protection, and a shield against systemic risks.

Here are some reasons why Gold is perfect for long-term investments. READ MORE

A Massive US Bank Is Now Freezing Money and Closing Accounts Per Reports -FrankNez.com

Banks are at it again ... freezing and closing accounts inexplicably. It had quieted down over the last several months, but seems to be making a comeback.

In recent years, a troubling trend has emerged among major U.S. banks, including JPMorgan Chase, where customer accounts are abruptly closed without clear explanation, leaving individuals and businesses scrambling to regain access to their funds.

One high-profile case, reported by The U.S. Sun, detailed the ordeal of Brian Adesman, a 32-year-old California attorney whose personal, business, and client trust accounts were shuttered by Chase, resulting in the loss of over $185,000 and severe personal and financial consequences.

Brian Adesman, a former Chase customer of over a decade, filed a lawsuit in California alleging that Chase Bank closed his accounts in early 2024 without notice or explanation, withholding $185,649 from his business account and funds from his personal and client trust accounts.

According to court documents, Adesman was promised a cashier’s check for his business account funds within 10 business days, but the check never arrived.

The closure led to a cascade of financial difficulties, including a collapsed credit score, canceled wedding plans, and forced relocation to a caravan. READ MORE

RealMoneyBlog - Free daily/weekly email

6.24.25 - BofA sees $4,000 gold price on US debt concerns

Gold last traded at $3,322 an ounce. Silver at $35.94 an ounce.

EDITOR'S NOTE: Many people are of the belief that global unrest is what caused gold prices to skyrocket. In reality, there's a bigger threat than war to our economy; our debt! That debt is aggressively moving toward an uncontrollable level, and that's what is creating the launching pad for record gold prices.

BofA sees $4,000 gold price on US debt concerns, not war -Mining.com

Analysts at Bank of America (BofA) see gold prices reaching $4,000 an ounce — an 18% jump above current levels — within the next year due to a ballooning US fiscal debt.

Gold — traditionally viewed as a safe haven during times of uncertainty — has risen by nearly 30% this year, driven by high global trade tensions and rising geopolitical risks.

In April, the yellow metal soared to an all-time high of $3,500 as an unprecedented tariff war ignited by the US rocked the global markets. A dragged-out US-Ukraine deal also did little to assuage investor concerns.

Contrary to popular opinion, another potential rally to $4,000 may have less to do with these factors, but more to do with US debt, BofA analysts say.

In a note published Friday, the analysts explained that wars and geopolitical conflicts typically “aren’t long-term growth drivers” for gold prices, pointing to the 2% dip in the metal’s prices since Israel began its airstrikes on Iran a week ago.

According to the bank’s analysts, the Israel-Iran conflict has drawn attention away from US President Donald Trump’s sprawling tax-and-spending bill that’s making its way through Congress. If passed, the bill is expected to add trillions of dollars in deficits in the coming years, raising concerns about the sustainability of US debts and the future status of the dollar.

“While the war between Israel and Iran can always escalate, conflicts are not usually a sustained bullish price driver,” they wrote. “As such, the trajectory of the US budget negotiations will be critical, and if fiscal shortfalls don’t decline, the fallout from that plus market volatility may end up attracting more buyers.” READ MORE

RealMoneyBlog - Free daily/weekly email

6.23.25 - Survey Shows Global Faith in US Dollar Is Crumbling

Gold last traded at $3,369 an ounce. Silver at $36.15 an ounce.

EDITOR'S NOTE: According to a recent Bloomberg survey, global confidence in the US dollar is plummeting. It is doing so at the rate of just under 10 percent per year - in terms of lost value - which would give it about a 30 year lifespan before it hits zero. As this author cites, the chances of it only declining a mere 10 percent per year is implausible, given current circumstances.

Survey Shows Global Faith in US Dollar Is Crumbling -Watcher.Guru

by Juhi Mirza

A new survey shows how the world is now becoming increasingly disconnected from the US dollar. A Bloomberg survey has revealed staggering USD details, adding how the trend of de-dollarization is spreading like wildfire, putting the American currency in grave jeopardy. In response to this, the survey reveals how the world continues to think that the US dollar is bound to fall amid heightened scrutiny and speculation, the Bloomberg Pulse survey reveals.

According to Bloomberg’s pulse survey data, a “little more than half of 251” respondents think that the USD may continue to reign supreme. However, the remaining respondents have revealed how the current geopolitical uncertainty is pushing them to believe that the US dollar is undergoing a downward spiral. The latest survey further stated that half of the respondents are of the view that the USD may continue to fall in the future, plummeting to new lows amid tightened market policies and pressure.

“While we expect further dollar weakness, investors now perceive more two-way risks. Some argue the depreciation may be overdone, especially given resilient US asset returns.” Goldman Sachs Group Inc. strategists, including Christian Mueller-Glissmann and Michael Cahill, wrote in a note to clients.

In addition to this, Invesco Ltd. Senior Portfolio Manager Kristina stated how a weak dollar is currently a development that the world has to deal with.

“A weaker dollar is here to stay.” Kristina later shared. READ MORE

RealMoneyBlog - Free daily/weekly email

6.20.25 - Central banks see further gold accumulation

Gold last traded at $3,367 an ounce. Silver at $36.00 an ounce.

EDITOR'S NOTE: Not only are Central Banks continuing to buy gold, many of them plan to increase their holdings above their currently set percentages. This move is an attempt to hedge against the swirl of economic factors they believe will negatively impact the global economy.

Central banks see further gold accumulation, de-dollarization: WGC survey -Mining.com

Central banks around the world continue to hold favourable expectations for gold, with most looking to add to their reserves over the coming months and even years, an annual survey by the World Gold Council (WGC) showed.

Central banks have been aggressively buying gold, accumulating over 1,000 tonnes in each of the past three years versus an average of 400-500 tonnes in the preceding decade.

These purchases coincided with a blistering gold rally during that period, which saw prices nearly doubling from around $1,800/oz. to the current $3,400 level. This year alone, gold has gained more than 26% and set multiple records, including a new high of $3,500 in mid-April.

Driving the acceleration in central bank purchases and soaring gold prices was an unstable geopolitical landscape — beginning with Russia's invasion of Ukraine in 2022 — that clouded the overall economic outlook.

The new WGC survey sheds light on central banks' decision-making process during turbulent times. READ MORE

RealMoneyBlog - Free daily/weekly email

6.19.25 - Foreign central banks are shrinking US asset exposure

Gold last traded at $3,370 an ounce. Silver at $36.40 an ounce.

EDITOR'S NOTE: If you have read this newsletter for some time now, you know central banks have been gobbling up gold in recent years. Now, some of these same banks are also actively backing away from US (read: dollar-denominated) assets; this is an anomaly considering there is typically a demand for treasury holdings when the dollar is faltering. This points to an "official sector diversification away from dollar holdings" for many central banks. Very bad news for the buck.

Foreign central banks are shrinking US asset exposure -Reuters

by Jamie McGeever

As debate rages around 'de-dollarization' and the world's appetite for dollar-denominated assets, one major cohort of overseas investors appears to be quietly backing away from U.S. securities: central banks.

That's the conclusion to be drawn from the New York Fed's latest 'custody' data, which shows a steady decline in the value of Treasuries and other U.S. securities held on behalf of foreign central banks.

There are many ways to gauge foreign demand for U.S. assets, and they often send conflicting signals. Moreover, the broadest and most accurate measures, like U.S. Treasury International Capital (TIC) or the International Monetary Fund's 'Cofer' FX reserves data, come with a long lag of two months or more.

The New York Fed custody holdings figures are weekly, which is as 'real time' as it gets in the world of central bank flows.

These figures last week showed that the value of U.S. Treasuries held at the New York Fed on behalf of foreign central banks fell to $2.88 trillion. That's the lowest since January, and the $17.1 billion decline was also the biggest fall since January.

It's not easy to get a firm handle on the exact composition of central banks' dollar-denominated assets, which are worth trillions and are spread across multiple sectors, jurisdictions and continents. This is why different cuts of central bank data can tell different stories. READ MORE

RealMoneyBlog - Free daily/weekly email

6.18.25 - China Grants 53 Countries Tariff-Free BRICS Market Access

Gold last traded at $3,371 an ounce. Silver at $36.75 an ounce.

$3,000,000,000,000 Bank Says It’s Being Attacked ‘All the Time’ by Hackers, With Cybersecurity Now Lender’s Biggest Expense -The Daily Hodl

You may have heard the expression 'crime pays'. In this article you will see that crime actually costs. The cost, in this case, is what banks must spend to fend off cyber-criminals. Yet another example of the vulnerabilities ever present in our financial system.

by Conor Devitt

The British banking giant HSBC is being attacked “all the time” by cybercriminals, according to the firm’s chief executive.

The $3 trillion bank’s CEO Ian Stuart spoke to United Kingdom lawmakers last month about the threat, according to a new report in The Guardian.

“The amount of money [that] banks, all of us, will be spending on our systems is enormous today. And it has to be. We are being attacked all the time.”

Stuart reportedly said cybersecurity is now HSBC’s biggest expense, with the bank spending hundreds of millions of pounds to prevent hacks.

EY reports that banks are expecting to use 11% of their IT budgets on cybersecurity this year, according to the Guardian.

It’s not just a UK problem: A 2024 study from consumer insights and analytics firm J.D. Power indicated 29% of US bank customers and 22% of credit card users – at banks like Wells Fargo, Bank of America and Goldman Sachs – experienced fraudulent activity on their accounts in the past 12 months. READ MORE

China Grants 53 Countries Tariff-Free BRICS Market Access -Watcher.Guru

China is getting more and more accommodating to nations interested in tariff-free BRICS market access. These efforts have been providing greater strength for various currencies throughout the world, all the while continuing to chip away at the US dollar.

by Vinod Dsouza

BRICS member China is negotiating a new economic deal with 53 African countries that will eliminate all tariffs and give special market access. The latest development could significantly benefit all the least developed countries (LDCs) in Africa and boost their respective economies. “China is ready to welcome quality products from Africa to the Chinese market”, said the Foreign Ministry.

The duty-free market access to BRICS member China could make African countries rewrite policies that benefit the two nations. The Xi Jinping administration is leveraging the dissatisfaction with Trump’s policies and is pulling emerging economies into its fold. The new Pew Research Center report shows that 66% of countries have no confidence in Trump’s global policies. Only 24 countries show confidence in Trump and trust him to “do the right thing in world affairs.”

China knows that a handful of countries from Africa are part of the BRICS bloc including ‘partner countries’. South Africa, Ethiopia, Nigeria, Uganda, and to an extent Egypt are all a part of the same region. “It enables middle-income countries like Kenya, South Africa, Nigeria, Egypt, and Morocco to be able to now enter the Chinese market duty-free,” said Hannah Ryder, founder of Africa-focused consultancy Development Reimagined to Reuters. READ MORE

Goldman Sachs Says US Experiencing Disinflation if Not for Tariffs, Predicts Federal Reserve Cutting Rates Later This Year – Here’s When -The Daily Hodl

It's been a few weeks since the buzz surrounding inflation and interest rates, but rest assured the situation is still a hot topic in need of addressing. Goldman Sachs has come out with what they are expecting to see later this year; they may just be right.

Goldman Sachs vice chairman Robert Kaplan thinks the US economy would be in a deflationary situation right now if not for President Donald Trump’s wave of tariffs.

Kaplan, the former president of the Federal Reserve Bank of Dallas, tells CNBC in a new interview that recent inflation numbers suggest the possibility of rate cuts later this year.

We’re in a disinflating world, and I think if it weren’t for these prospective tariffs that will flow through and are flowing through, I think the Fed would be on their front foot to be looking to cut rates now.”

Inflation rose by 2.4% in May, according to the Bureau of Labor Statistics. That was slightly less than the 2.5% increase predicted by economists.

Kaplan notes that the Fed will watch to see where the tariffs are set in the next several weeks and how they flow through the economy.

“I think if I were at the Fed, it would encourage me that, after we get over the horizon, maybe the tariff impact could be more muted than I fear.” READ MORE

RealMoneyBlog - Free daily/weekly email

6.17.25 - Time for Major Leg Up in Silver Prices

Gold last traded at $3,384 an ounce. Silver at $37.13 an ounce.

EDITOR'S NOTE: The price of silver is getting ready to take off; this according to a veteran cryptocurrency trader and analyst. It's not at all surprising to hear this from him, as it is a forecast echoed by many over the last several months. He believes a 20% jump up in price could be right around the corner.

Time for Major Leg Up in Silver Prices, According to Veteran Trader – Here’s His Price Targets

A widely followed cryptocurrency analyst and trader says silver is about to have a massive breakout.

The analyst pseudonymously known as Bluntz tells his 320,800 followers on the social media platform X that silver may start to outshine gold, which has been hitting new all-time highs.

“Silver gearing up for the next major leg up in my opinion, gold probs about to take a backseat for a bit as gold-to-silver ratio starting diverge heavily again on low timeframes.”

Bluntz practices Elliott Wave theory, which states that a bullish asset tends to go through a five-wave move up before an ABC correction. Based on the trader’s chart, he appears to suggest that silver is in the process of its third-wave surge. He predicts silver may reach the $40 level, then have a slight correction before soaring to around $43.

Bluntz also says other indications of a silver breakout include the possible formation of a bullish inverse head-and-shoulders (IHS) pattern against the S&P 500 (XAG/SPX) on the monthly chart.

Four months later and now silver is also on the cusp of the same massive breakout against equities. Four year IHS breakout brewing with volume increasing substantially in the breakout. Multiple extremely high timeframe bull divergence. Decade-long downtrend broken.” READ MORE

RealMoneyBlog - Free daily/weekly email

6.16.25 - New Currency Steals the US Dollar's 'Crown'

Gold last traded at $3,388 an ounce. Silver at $36.32 an ounce.

EDITOR'S NOTE: Another currency is taking a bite out of the US dollar. This time it's a couple of "crowns". Scandinavian currencies have been on the rise, as the dollar continues its downward spiral; with no slowdown in sight.

New Currency Steals the US Dollar’s ‘Crown’ in 2025

by Vinod Dsouza

In the latest development, Scandinavian crown currencies have emerged as star performers, outperforming the US dollar by 16.74% in 2025. The Swedish crown is up 15%, delivering its best-ever performance against the USD in over 50 years. Norway’s crown is also up 13% against the greenback, its highest since 2008.

Not just the US dollar, the Swedish crown is up 4.5% against the euro and Norway’s crown surged 2% against the euro. Both the US dollar and the euro are losing their ‘crown’ to the Scandinavian currencies this year. Institutional funds are mostly moving abroad as clients perceive the US markets as volatile due to recent policy changes.

The crown (krona) is an English translation of the Scandinavian currencies used in Sweden, Norway, and Denmark. It is also used in the Faroe Islands, Greenland, Iceland, and the Czech Republic. Sweden is expected to cut interest rates this month and the move could bolster the crown further vs the US dollar.

The US dollar has slipped to its lowest in three years as the DXY index touched the 97 to 98 range. Leading local currencies are strengthening in the charts as the USD is slipping in the currency markets. The USD is no longer considered a safe haven as the interest has turned solidly into gold. READ MORE

RealMoneyBlog - Free daily/weekly email

To see older blog posts CLICK HERE