Many had written off the USD during the tough times the US and World economy had gone through. But many currencies that were thought would replace USD have already fallen by the wayside, like the Japanese Yen and Euro. Now Dollar is expected to keep the status of World Reserve Currency for at least fifty years more.
But what will ultimately replace the Dollar. By the likes of it now, will it be the Yuan, the Indian Rupee or the SDR? In any case, what could be the best form of reserves that nations now can depend on, considering the precarious nature of the currencies and the ubiquitous nature of nations to depend more on the currency printing press to sustain the economy. China was probably on the right track, investing in precious metals and commodities. At least this strategy can keep the local currency strong.
But what will ultimately replace the Dollar. By the likes of it now, will it be the Yuan, the Indian Rupee or the SDR? In any case, what could be the best form of reserves that nations now can depend on, considering the precarious nature of the currencies and the ubiquitous nature of nations to depend more on the currency printing press to sustain the economy. China was probably on the right track, investing in precious metals and commodities. At least this strategy can keep the local currency strong.
