The Biggest Threat to the U.S. Dollar Just Happened

Mar 6, 2025, 12:39 PM EST

It’s World Book Day, and it got me thinking about the books that shaped the way we see the world. For me, Bill Bonner’s Empire of Debt was a turning point—it helped me understand the risks of runaway credit growth and the fragility of modern finance. Meanwhile, Stephen Flood, our co-founder and Chairman’s favorite book is Sapiens by Yuval Noah Harari, which explores how economies and financial systems shape history. Right now, we’re seeing a major shift unfold in real time.

We have a new GoldCoreTV episode for you. Today, Jan Skoyles looks at the biggest headlines from the past week that signal a turning point for the economy. If you’ve been wondering what’s happening to gold, the dollar, and global trade, this is a must-watch.

Here’s what’s driving the shift:

The U.S.-China trade war is back. Washington imposed a 20% tariff on Chinese goods. Beijing retaliated with its own tariffs and ramped up defense spending. Trade wars historically weaken economies and drive uncertainty.
The U.S. dollar is showing cracks. Despite expectations that tariffs would strengthen the dollar, global confidence in it is eroding. Deutsche Bank warns that unpredictable U.S. policies are pushing investors to seek alternatives.
Central banks continue their gold-buying spree. January saw a net increase of 18 tonnes, with China, India, and Poland leading the way. Physical demand is tightening market conditions.
Silver is seeing record demand. Indian silver imports surged 37% year-over-year, and 100 million ounces have moved from London to U.S. vaults, raising supply concerns. With the gold-to-silver ratio at 91:1, silver may be significantly undervalued.

If you have questions about what’s happening and how it impacts gold, come and see us next week at the RDS in Dublin! More information is below, including a free ticket to attend.

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About Author

Dave Russell

David is the CEO of GoldCore. Until Summer 2023 he was the Director of Marketing and Communications, responsible for all marketing and communications strategies and branding. David joined GoldCore in 2008 as Director of Business Development and later took over as Director of Marketing and Communications in 2020. Prior to this Dave managed and operated his own Marketing Agency and completed multiple coaching qualifications. "Working for GoldCore gives you a fantastic lens through which to view global financial and geopolitical developments. I am very proud to be part of a company that contributes to increasing investors understanding of these developments." When he’s not at work, David is passionate about sailing and has completed the ‘Round Ireland Yacht Race’ twice.