The US dollar is set to lose more than 10% of its value in 2025, as economists warn that precious metals prices are raising serious alarms for the global financial order.
米ドル指数（DXY）は2025年初め以降、その価値が10.41％下落した。 This means that the world’s reserve currency has depreciated significantly against a basket of major foreign currencies such as the euro, yen, and pound.
The dollar’s decline was driven by historic gains in precious metals such as gold and silver, with gold rising 65.32% to $4,331 an ounce and silver rising 147.97% to $72 an ounce.
In a new Free Press op-ed, economist Tyler Cowen said the dramatic rise in precious metal prices represents an “urgent warning for the economy.”
“The rush in demand for precious metals should worry us all. It reflects a new and perhaps dire danger on the horizon…
経済の相関性はますます高まっています。 Translated into everyday English, it means having fewer means of economic protection if things go very badly, economically or politically.そのため、かつて米ドルが果たしていたヘッジや保護の役割に貴金属が参入しつつある。 ”
Cowen said U.S. policy and leadership are increasingly seen as the source of unpredictable chaos, eroding confidence in the dollar’s historic protective role in the economy.
“If you were uncertain about the future, it was common to move to the dollar as a safe haven.In financial parlance, it is a countercyclical asset that remains resilient even when riskier assets decline.
However, if the United States’ own government and policies are unpredictable and its economy is unstable, it will likely look for other hedging tools instead.米国、特にホワイトハウスの混乱により、投資家はドルに代わるものを見つけるよう求められている。 ”
Generated image: Mid Journey
