After turning 40, we ask whether fiat currencies are over the hill?

The Alchemist Issue 21 - This issue of the Alchemist explores the ownership and role of the US Federal Reserve, the nature of fiat currencies and gold’s apparent link.

We conclude that a move away from the US Dollar as the global reserve currency over the medium term is likely, and that this conclusion is bullish for gold in US Dollar terms.

Please click here to download full report