‘Physical gold, not crypto’ is the only safe haven asset, as the U.S. dollar declines – John Kaiser

U.S. dollar will lose its status as the world’s reserve currency, said John Kaiser, Founder of Kaiser Research Online, at the PDAC 2022 Convention in Toronto. He mentioned that China and Russia would form an Eastern axis of economic power. Kaiser said that the United States is moving towards authoritarianism, and that gold is a safe haven as political uncertainty rises. He explained that the center of economic and political power is shifting East, leaving the US behind. By 2027, China's economy will be almost as big as America's, said Kaiser. The convergence is happening faster than predicted, according to Kaiser, who spoke with David Lin, an Anchor and Producer at Kitco News, to find out more about the gold price. Source