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In his latest Street Sense column for MarketWatch, R360 Managing Partner Charlie Garcia explains why global bankers are ditching dollars for metal, what de-dollarization really means, and why your 401(k) could feel the fallout.
Gold has cracked $3,600 an ounce, central banks are buying more than 1,000 tons a year, and countries like China and Russia are conducting massive trade outside the dollar system. This isn’t just diversification — it’s a verdict on U.S. debt, deficits, and a dollar that’s lost 10% of its value this year.
The transition away from dollar dominance won’t happen overnight, but it will reshape markets over the next two decades. Charlie lays out the smart moves investors can make now — from holding hard assets to preparing for a multipolar currency world.