The world reserve currency is still the USD and more than 60% of all the reserves with central banks are still based on the USD, and only approximately 25% are in Euros. Therefore, many more governments and pressure groups are dependent on the USD and have an interest in not disclosing the truth about the actual state of the dollar. Also, in terms of global trade the USD is still the prevailing currency, especially as long as the USD keeps its hegemony over the Middle East and its oil reserves. In addition, specifically related to the USD, there is a single institution that has decisive power. It is therefore much more reactive than the Euro system with different central banks and different nations, each with their own national political agendas. Therefore, the power of the Euro is much more limited, which makes it also more fragile and vulnerable.
Meet Miles Franklin investment advisors, attend a Q & A session or join us at an upcoming conference.
Sprott Natural Resource Symposium
Start date: July 25, 2017
End date: July 28, 2017
Location: The Fairmont Hotel Vancouver 900 W Georgia St, Vancouver, BC V6C 2W6, Canada
The Vancouver Natural Resource Symposium is a dynamic event to attend—and be a part of. We invite you to join us and you’ll be rubbing shoulders with high-net-worth, like minded individuals whose collective knowledge is considerable. Andy Schectman will be addressing the general session and hold a special workshop. Please call our office for more details. For travel details, please contact Opportunity Travel and mention that you are a Miles Franklin client.