The Federal Reserve has had an artificial demand boost due to likely supply shortages expected as a result of the COVID-19 pandemic leading to a near double-digit inflation, the dollar-decline voices have also re-emerged.
Such voices have not been heard for some decades.
The first time could date back to the early 1970s when the Breton Woods system collapsed and the U.S. dollar value was no longer linked to gold. Money moved from the U.S. dollar to gold at the onset.
However, gold cannot be a substitute for money in daily transactions and its price bubble burst a decade later in the early 1980s when high inflation was curbed.
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