The End of the Petrodollar

The Word on Investing

The End of the Petrodollar

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Today we’re going to be talking about the end of the so-called “petrodollar,” what that means for gold, and what that means for you.

For the past 80 years the global financial system has been dominated by the strength of the U.S. dollar.

Why has the dollar been so dominant and what’s the future of the dollar look like? That’s what we’re going to talk about today.

We’ll cover the petrodollar agreement of 1973 between the U.S. and Saudi Arabia, and the history, definition and uses of the petrodollar. Let’s dive in.

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