Holding Gold Is Like Holding a Wildcard

The future of money is uncertain, and speculation about what comes next is all over the place. The Federal Reserve note "dollar" is the world's reserve currency, but its seat on that throne is no longer secure.

Nations around the world aren't happy with either the weaponization of the dollar or the fact that the U.S. government prints it without restraint.

The BRICS countries are actively developing an asset-backed currency to compete with the dollar.

They are already cutting trade deals with settlement in rubles or yuan, instead of the greenback.

Central banks everywhere, including the Federal Reserve, are toying with digital currencies.

Authoritarians love the idea of money they can programmatically track and control. If it were up to them, CBDCs would almost certainly become the coin of the realm in countries around the world.