The era of US dollar sovereignty is now being heavily questioned. There was a time when the dollar would smile, basking in all glory, portraying a dominating stance across the world. Those times have now passed. At present, the dollar has become a prime suspect, a tool of constant weaponization, as labelled by many countries, which has derailed its status, triggering a wave of de-dollarization to take over the world. Countries have now started to look for dollar alternatives, assets that could help them bypass the volatility ushered in by the American currency. Do you own these two breakout assets that are thriving in the current economic crisis?

Also Read: Chinese Yuan Usage Doubles as De-Dollarization Grows

Two Breakthrough Assets Shining Bright As De-Dollarization Takes Over

1. Gold

gold bars fiat currencies
Source: usfunds.com

Gold is the latest breakout asset, luminous enough to attract investors at a consistent pace. Gold has now become a major hit among investors as de-dollarization woes continue to weaken the US dollar. The recent gold rally has multiple narratives fueling its growth. For instance, the latest Fed rate cut decision, followed by the central bank gold purchase spree, has led the metal to witness groundbreaking price narratives. Gold is now hitting new high-price pedestals, as investors continue to pivot towards the asset amid the weakening US dollar stance.

Per Rashad Hajiyev, a leading gold expert, the metal is now eyeing a $4000 high this cycle and may undergo a retest at the $3600 key price level.

“I would not want this sell-off to be wasted. It is an opportunity to reset sentiment, clear some stops, and clean late buyers. Best if gold tests $3,600 to accumulate power for the next big run higher…”

2. Silver

silver bars
Source: Unsplash

Silver’s breakout rally is another leading metal development to take extreme note of. The asset is now standing at a price point of a breakout rally, with Hajiyev predicting the metal to hit $67 this October.

“At some point, I expect the gold-to-silver ratio (GTS) to collapse in a straight line, first to 70 and then to 58. Gold at $3,900 and GTS at 58 suggest a $67 silver price. If gold overshoots to $4k, then silver has a chance to reach $70 in the present cycle. I believe silver has all the chances to reach an all-time high already in October…”

The constant de-dollarization has led investors to explore its alternatives, with silver emerging as the top market contender. With the rising AI infrastructural demands, the corporate use of silver is also rising, giving the metal a unique value and significance to cap on.

Also Read: Fed’s Third Mandate Fuels De-Dollarization, Bitcoin Surges

  • De-dollarization
  • GOLD
  • Gold Price Prediction
  • Silver
  • US DOLLAR