Central Bank Gold Demand Hits Record High, U.S. Petrodollar on Deathbed?

PJ Media: The U.S. dollar has enjoyed its position as the global currency reserve favored by central banks worldwide since the end of WWII. (“Petrodollar” refers to the global trade of oil in the U.S. dollar, which is widely accepted as the driver of dollar hegemony.) This status has underpinned American economic dominance; at one point, the dollar was almost considered as good as gold as a long-term store of value. But as I and