Dramatic changes are coming to the world’s monetary system this October…
One of the most powerful organizations on Earth will make an official announcement… and it will likely kick off one of the largest transfers of money out of U.S. dollars in our lifetimes.[ad#Google Adsense 336×280-IA]For the first time in 33 years, a new currency will likely get “reserve currency” status, joining the four other world reserve currencies.
We’ve heard surprisingly little about this in the press.
That gives us an investment opportunity…
Rarely do we know the exact timeline for a major event in the financial markets. But this time, the dates are in place.
We can get our money positioned early – ahead of the big announcement.
And getting in early gives us the potential to make the biggest gains from what’s coming.
Billions of dollars will move into this currency when it achieves reserve currency status. The likely loser in this will be the U.S. dollar – as governments diversify a percentage of their currency reserves out of the dollar and into this currency.
The trade is obvious… Act now to get some of your money out of the U.S. dollar and into this currency before it goes up in value as billions of dollars move into it.
I’ve found the safest and best way to set yourself up to profit. I urged my True Wealth subscribers to take advantage of this opportunity… We’re likely about to see the most important currency event of the next decade – at least.
Let me explain…
For decades, the U.S. dollar has reigned supreme as the world’s leading reserve currency.
Reserve currency status is not only an honor and a privilege, it is also a heck of a good deal for the country that has it…
A reserve currency is money used in international payments and the money held by governments for a rainy day.
The benefits of being a country with a reserve currency are greater than you might imagine… For example, the U.S. dollar is the world’s most popular reserve currency. It’s the main money used in most international transactions.
That means America is the only country in the world that does not have to pay for its imports in a foreign currency… Unlike other countries, we can simply print more and more money whenever we need to.
Even when the U.S. is not involved in a trade, our U.S. dollars usually are… And that, in turn, helps to support the value of the dollar and our U.S. economy.
Because the U.S. dollar is the dominant reserve currency, countries and businesses around the world must purchase our dollars to execute their trades.
If a country needs oil, wheat, or gold (all of which are typically priced in dollars), it must first make sure it owns enough U.S. currency to make the purchase. Other countries have to have billions of U.S. dollars in the bank simply to settle trades with each other.
Only a couple other currencies – like the euro, the Japanese yen, and the British pound – have this special reserve currency status with the International Monetary Fund (“IMF”).
The IMF is the world’s “unelected government” (according to the Brookings Institution). Among other things, the IMF holds the special power to dictate which currencies are the world’s reserve currencies.
Here’s the current breakdown of the IMF’s “Special Drawing Rights” (SDR) reserve currency basket:
This basket will definitely change this October. If things go as they should, for the first time in 33 years, a new currency will be added to the short list of world reserve currencies. When this happens, billions of dollars will move out of the U.S. dollar and into this currency.
And that will be just the start…
In tomorrow’s essay, I’ll share which currency I’m talking about… along with why this announcement is nearly certain.
Sponsored Link: The IMF’s October announcement could create a once-in-a-lifetime opportunity for investors. Whether you own stocks and bonds or just hold cash in a bank account, you must be aware of what’s about to happen.
Steve just released a video presentation in which he explains the four steps you should take right now to prepare. These steps will help you protect your savings and investments and will set you up for extraordinary gains in the next few years. Learn more here.
Source: Daily Wealth