Repost from 8-26-2021
“The DoubleLine Capital founder and CEO reiterated his long-held view that the dollar is going to go depreciate further versus peers the next few years, blaming the US’s current economic policies for the situation.”
USAGOLD note: Gundlach cuts to the chase in this analysis. If the U.S., as he suggests, doesn’t care about reserve currency status, nation-states will take note and begin managing their reserves with that in mind. In fact, some central banks have already begun to pare down their dollar holdings, adding other currencies and gold instead. Gundlach has postulated in the past that the dollar is doomed.