from Kitco NEWS
In an interview with Kitco News, Michael Howell, managing director at CrossBorder Capital and author of his new book Capital Wars, warned investors that they can expect to see higher volatility over the years as China challenges the U.S. reserve currency status.
“We’ve seen many examples over the years, over the decades of transitions between dominant currency zones, whether it be from Sterling to the U.S. dollar,” he said. “These transitions tend to be quite volatile and challenging for financial markets.”
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