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The world is now increasingly adopting diverse financial practices, including exploring alternatives in all major domains to safeguard their assets. With new elements coming in, investors now have a broader spectrum of safe-haven assets to explore. Rising geopolitical tensions coupled with aggressive foreign policies have weakened the US dollar, with the faith in the American currency weakening by the day. Here are three prominent reasons why the US dollar is not the safe haven asset that it used to be. Also Read: BRICS: Global Alliances Must Unite to Topple the US Dollar’s Supremacy US Dollar May Not Be Considered A Safe Haven Asset Anymore: Here’s Why 1. Plunging Share in Global Reserves Source: MoneyControl There was a time when the US dollar used to dominate global reserve shares. Nearly all major economies had abundant USD shares, with the American currency enjoying exclusive perks of being the “only” currency that held major power over its peers and competitors. However, wit...

Gold fever is no longer limited to China and India, as Americans are buying the precious metal at the supermarket Costco. The accumulation spree was so massive that stocks of gold bars at Costco shelves remain sold out at the moment. Retail investors and regular shoppers are adding the precious metal to their carts as they see it as a safe investment. Also Read: The ‘Everything Crash’: Analyst Predicts Bitcoin To Collapse to $5,000 A recent report from Bloomberg shows that 77% of Costco stores offering gold bars sold out in early October. 46 US States sold out the bars this month and went off the shelves within a week of their placement. Easy Access To Buy Gold Bars At Costco Makes Americans Invest in the Precious Metal Source: Travel + Leisure The accumulation spree comes after China and India purchased thousands of tons of gold in two years. Americans are not holding back and are grabbing the gold bars, as Costco made them available at its stores. Also Read: North American Countries ...