Jacques Rueff warns of countries dumping Dollar reserves for Gold

In 1972, French economist Jacques Rueff issued a warning that countries would eventually begin to sell off their Dollar reserves in favor of purchasing Gold. Rueff predicted that this shift would lead to the unraveling of the entire postwar economic system, potentially resulting in a return to economic conditions reminiscent of the 1930s.

This forecast highlights concerns regarding the stability of the Dollar as a global reserve currency and the implications of a significant move towards Gold. Rueff"s insights remain relevant as discussions about currency reserves and economic stability continue in today"s financial landscape.

For more on related economic trends, see the recent developments reported by Axios.