Yahoo! Finance: A shift away from the US dollar is happening in real time, and investors must be ready
The US dollar’s dominance is in decline as Russia and Saudi Arabia eye the Chinese yuan for oil trades, and investors may need to begin to revise their long-term investment strategies, warns the CEO and founder of one of the world’s largest independent financial advisory and asset management companies, deVere Group.
The warning from Nigel Green says the shift in how global oil trading is carried out will have far-reaching consequences for economies and, therefore, investors around the world.
Read the full article on Yahoo! Finance