For central bankers, gold’s safe-haven status has never looked better

He notes that concerns about the US dollar's stability are growing. While some debate potential alternatives like the Chinese Renminbi or a globally-backed currency, Sheng dismisses fiat currencies and cryptocurrencies as truly viable replacements in the current environment. He contends that gold remains the most historically reliable store of value, especially during times of geopolitical instability and uncertainty in the global financial system.

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