Efforts to Protect US Intensify Amid Global Shift From Dollar

As the U.S. dollar is increasingly being sidelined in international trade, lawmakers are touting gold and precious metals as the solution.

An illustration of the U.S. dollar linked to gold. Illustration by The Epoch Times, Shutterstock

With inflation plaguing the economy as the U.S. dollar is increasingly being sidelined in international trade, potentially even at risk of losing its status as the global reserve currency, lawmakers in Washington and state capitals are touting gold and precious metals as the solution.

From congressional efforts that would once again back the U.S. dollar with gold to state-level initiatives to facilitate commerce in precious metals, proposals are proliferating. Some have already advanced.