The question I have is - what is the alternative currency to hold? Yuan which is... | Hacker News

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		refurb on June 14, 2024 \| parent \| context \| favorite \| on: U.S.-Saudi petrodollar pact ends after 50 years The question I have is - what is the alternative currency to hold? Yuan which is held to a fixed exchange rate that could change at any time? Not to mention the capital controls. Euro? Yen? Australian dollar? USD doesn’t have to have some special agreements to make it the safest currency to hold.

elzbardico on June 14, 2024 [–]

For now, and probably the next 20 years? I'd still bet on the dollar. Those changes are coming, but they will take decades.

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