Donald Trump’s policies leading to de-dollarization and international movement to gold?
(Grok generated photo)
NewsMax asked the following:
Will Trump Avoid De-Dollarization?
September 9, 2025
Critics warn that President Donald Trump’s tariff policies could backfire, triggering the dumping of the U.S. dollar as the world’s reserve currency.
Trump said he believes tariffs, backed by the strength of the American economy and markets, can deter such moves. However, grumblings from India and other nations suggest his strategy might accelerate de-dollarization. https://www.newsmax.com/platinum/donald-trump-de-dollarization-tariffs/2025/08/25/id/1223856/
Well, de-dollarization is occurring. And more and more nations seem to be looking more at gold than the USA dollar:
Trump Can’t Stop This—China’s $253 Billion Gold Hoard Is A Silent Strike On Dollar
September 9, 2025
While President Donald Trump aims to restore U.S. economic dominance on the global stage, China is quietly making a powerful statement of its own—stacking gold at a record pace and chipping away at the U.S. dollar’s supremacy. …
$253 Billion Signal To The World
Beijing’s accelerated gold accumulation is a strategic response to rising geopolitical uncertainty and growing concerns about the long-term stability of dollar-backed assets. …
According to International Monetary Fund data, central banks in emerging markets have increased their gold purchases fivefold since Russia’s invasion of Ukraine. https://finance.yahoo.com/news/trump-cant-stop-chinas-253-113052963.html?guccounter=1&guce_referrer=aHR0cHM6Ly9uZXdzLmdvb2dsZS5jb20v&guce_referrer_sig=AQAAAEISt85s9rM3A-EkTyyYjUHueIMygp8TPyJO6lOSy2S4Lnz_g7VeIcV8UX6OEK5M5UQmRZFae-eeCHoQrk0eRXjt5VcwMcK4Ha8N4WfPbWN_mwuvn5zQHMyMM3yjodU2sW9STE5QGFmFkVvvcx1VgIKWewAf5HdFYy9YUJgxWCO2
China extends gold-buying streak as central banks seek US dollar alternatives
8 September 2025
China’s central bank extended its gold-buying streak for a 10th straight month in August, part of a broader rush into the precious metal by global central banks that has lifted prices to new heights.
The move came as Beijing attempts to further diversify its reserves at a time of mounting geopolitical risks and lingering doubts over the long-term stability of assets backed by the US dollar. …
Official gold reserves rose by 166 tonnes globally in the second quarter, according to the World Gold Council, which noted that annual buying has topped 1,000 tonnes for three consecutive years since 2022.In a June survey, 95 per cent of the central banks polled by the council said they expected global gold reserves to increase over the next 12 months – the highest share since the annual canvass began in 2019 – and 43 per cent said they would increase their stocks. …
The shift accelerated after the beginning of the Russia-Ukraine war, when nearly half of Moscow’s foreign exchange reserves were frozen by Western sanctions – a move that sent shock waves through the Russian economy but also underscored the vulnerability of US dollar holdings.Since then, many central banks have reassessed the security of their reserves, turning to gold as the “ultimate currency” and a safe haven investment. https://www.scmp.com/economy/china-economy/article/3324726/china-extends-gold-buying-streak-central-banks-seek-us-dollar-alternatives
Gold could benefit from prolonged USD weakness, silver is drawing interest from central banks – Heraeus
The U.S. dollar is likely on a prolonged path of depreciation, and this will only boost gold prices further, while silver is now drawing attention from central banks, according to precious metals analysts at Heraeus.
In their latest precious metals update, the analysts wrote that gold prices could get a tailwind from U.S. dollar weakness. …
“Many countries’ central banks have been shifting their reserves to gold, often in an effort to reduce exposure to the US dollar,” they added. “With the US taking a more adversarial approach to trade, that trend may well continue.” https://www.kitco.com/news/article/2025-09-08/gold-could-benefit-prolonged-usd-weakness-silver-drawing-interest-central
Exclusive: Central banks eye gold, euro and yuan as dollar dominance wanes
The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the euro and China’s yuan as the splintering of world trade and geopolitical upheaval spark a rethink of financial flows.
According to a report, opens new tab by the Official Monetary and Financial Institutions Forum (OMFIF) due to be published later on Tuesday, one in three central banks managing a combined $5 trillion plan to increase exposure to gold over the next one-to-two years after stripping out those planning to decrease, the highest in at least five years. …
The survey of 75 central banks — carried out between March and May — gives a first snapshot of the repercussions of U.S. President Donald Trump’s April 2 Liberation Day tariffs that sparked market turmoil and a slide in the safe-haven dollar and U.S. Treasuries. Gold, which central banks have already been adding at a record pace, was seen benefiting even further longer term, with a net 40% of central banks planning to increase gold holdings over the next decade. “After years of record-high central bank gold purchases, reserve managers are doubling down on the precious metal,” OMFIF said. https://www.reuters.com/world/china/central-banks-eye-gold-euro-yuan-dollar-dominance-wanes-2025-06-24/
In an email Nick Giambruno had the following:
World War 3 and the Collapse of the Dollar
September 9, 2025
Changes in the world order are rare, history-defining events—with massive implications, both geopolitical and financial.
We are living through one of those rare moments right now. …
The US Dollar Will Lose Its Privileged Position
While the US dollar is currently the leading global currency, it was already on a path of inevitable debasement and eventual collapse—even before considering the compounding effects of a multipolar world order.
The only reason the US government has managed to avoid severe consequences from its inflationary monetary policies is the US dollar’s status as the world’s top reserve currency, thanks to Washington’s military and economic dominance that has prevailed since the end of World War 2. However, as this dominance wanes, so will the dollar’s purchasing power. …
As World War 3 plays out, I expect we’ll see a multipolar world order emerge and the US dollar lose its privileged position as the world’s premier reserve asset.
An ocean of capital could flow into gold as the world looks for sound monetary alternatives to the fading US dollar and whatever scheme Russia and China cook up.
That’s why I think World War 3 and the emergence of a multipolar world order will add rocket fuel to the gold price.
Let me add that WWIII will mean the end of the USA dollar when that nation is conquered per Daniel 11:39, whereas gold will continue to have value per Daniel 11:43 and the 18th chapter of the Book of Revelation.
That said, last week the German news agency, Deutsche Welle, reported the following:
Gold surges to record high as central banks turn from dollar to bullion
2 September 2025
A historic price for the world’s oldest safe-haven asset signals waning confidence in the dollar and mounting pressure on the Fed.
Gold jumped to a record $3,508.50 (€3,015.08) an ounce on Tuesday, fuelled by expectations of a US Federal Reserve rate cut and mounting uncertainty for investors.
The precious metal is seen as a haven for investors, with demand for it surging when trust in the stability of paper currencies or financial markets dips.
Earlier this year, gold prices surged when US President Donald Trump announced a raft of controversial tariffs against other countries. …
Dollar is no longer the ‘gold standard’
The rise in gold prices has come as part of a multiyear rally for precious metals.
Central banks from Asia to the Middle East have been accelerating their purchases for the fourth year in a row, adding a powerful tailwind to prices, with predictions being that at least 1,000 metric tonnes of gold will be purchased by governments for their gold reserves.
The move reveals a decreasing reliance on the US dollar at a time when Washington’s fiscal trajectory and political battles are clouding its standing as the world’s reserve currency.
A survey of 73 central banks conducted by the World Gold Council revealed that 95% of them are expected to increase their gold holdings over the next 12 months, while nearly three-quarters of them are anticipated to shrink their dollar reserves. …
De-dollarisation will hurt the world’s most reliable currency
For much of modern history, most national currencies were tied directly to gold …
in 1971 when the US deficit and inflation drained gold reserves, … President Richard Nixon ended dollar convertibility … Now, US policies are once again influencing the gold-buying habits of central banks, https://www.euronews.com/business/2025/09/02/gold-surges-to-record-high-as-central-banks-turn-from-dollar-to-bullion
Gold’s price rises and falls.
Yes, there are timing risks associated with purchasing gold.
But the fact is that central bankers around the world are concerned about Donald Trump’s statements, policies, and tactics, plus massive US federal government debt, and are, in the long run, “bullish” on gold. Recent price action has suggested that central banks are owning more gold than US Treasuries (https://www.ft.com/content/0dbc435d-7d7e-43d7-b730-b8ced4b1cba2).
There are many unintended consequences of Donald Trump’s statements and policies–the rise in the value of gold and the corresponding drop in the value of the US dollar are among them.
Notice something from my January 2025 book available at Amazon Kindle: Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies? as well as Amazon print :
The USA dollar will ultimately crash and be worthless. That “pride” of American power will be broken (cf. Leviticus 26:19). …
European leaders have been working for years to establish a new reserve currency for the world, partially with the intent to remove the USA dollar from its current position as a reserve currency. …
Daniel 11 … 43 He shall have power over the treasures of gold and silver, and over all the precious things of Egypt; …
The “he” is the King of the North. This is the same King of the North that valued gold and silver in Daniel 11:38. Although other scriptures also show that gold and silver will have value around this time (like Revelation 9:20; 18:12,16), the Bible is clear that gold and silver will be worthless for a short time before Jesus returns (e.g. Ezekiel 7:19).
The fact that the King of the North himself will accumulate gold (and some silver) is consistent with several Byzantine (“Greek” Orthodox) prophecies of their predicted Great Monarch:
Emperor Leo the Philosopher (died 912): You will amass gold … And you will be the leader of the surrounding nations …
Addressed to Emperor Manuel II, Palaeogous (died 1425): The Emperor … will discover gold and silver…
Saint Andrew Fool-for-Christ (c. 4th century): God will reveal to this king all the gold wherever it happen to lay concealed from view …[i]
One side note is that, in Egypt, major gold deposits were found in 2006 [ii] and the government announced increasing investment in gold mining in 2022. [iii] This is relevant as it does suggest that Egypt seemingly has enough gold that a foreign power could be interested in taking/using it as Bible prophecy teaches.
It may be of interest to note that back in the 1970s Europe was looking for a gold-backed currency.[iv] European central banks have, overall (there have been sales too by the European central banks), been accumulating gold since, and some in 2024 believe that the Europeans are still planning on having some type of gold-backing (or at least implied) of a European currency.[v]
Since many are now questioning the role of the USA dollar as the world’s reserve currency, more are looking into other currencies as well as gold.
Gold will set records in U.S. dollar terms.
In 2017, I also published that last statement in my book related to Donald Trump, and it did hit records in July and August in 2020. [vi] Now, despite having ups and downs, as well as records hit in 2024, gold will set further records in U.S. dollar terms in the relatively near future.
It has been asserted that:
The only replacement for fiat {currency} is a currency credibly backed by gold.[vii]
Although the above can be debated, the reality is after the elimination of the USA and the crash of its dollar, the world will want something more stable than unbacked currency. Thus, it is likely that some type of gold-backed currency will emerge as the preferred reserve currency in the world.
It has long been reported that various nations around the world are already in the process of accumulating gold to one day overthrow the U.S. dollar—and that the “U.S. is unprepared for this strategic alternative to dollar dominance.”[viii] Various steps were also taken in 2022 and 2024.[ix]
When the U.S. dollar totally collapses people all around the world will consider that even if the euro (or something similar) is strong, having a more gold-backed currency would be safer.
The collapse of the USA dollar will shake a lot of the world’s confidence in non-gold backed currencies. The Europeans do not have to have a perfect currency, only one that is perceived to be in better shape than the USA dollar or various other currencies.
Having the European power acquiring more gold to back the Euro or possibly another future European currency (that might potentially replace the Euro or even a basket of currencies) may greatly increase European credibility, prosperity, and influence around the globe, even if the backing is only implied.
[i] Tzima Otto, pp. 76, 102, 114
[ii] A Gold Mine Worth LE 23 Billion (and counting). Egypt Today, August, 2006
[iii] Hosny H. Egypt to invest in gold, mineral mining. Al-Monitor, June 13, 2022
[iv] Nieuwenhuijs J. Europe Has Been Preparing A Global Gold Standard Since The 1970s. SeekingAlpha.com, July 16, 2020
[v] Nieuwenhuijs J. Europe Is Finalizing Preparations for a Gold Standard. ActivistPost.com, November 9, 2024
[vi] Gold hits new record, posts best month since 2016 CNBC, July 30, 2020; Woodall T. Gold surges to new highs as US dollar weakens despite growing macro risks. S&P Global, August 10, 2020
[vii] MacLeod A. Designing a new currency is impractical. Goldmoney Insights, March 24, 2022
[viii] Rickards J. Axis of Gold. The Daily Reckoning, December 20, 2016
[ix] Guistra F. Why the U.S. dollar will be replaced as the dominant global currency — sooner than you think. Toronto Star, July 5, 2022; Bezek I, Duggan W. De-Dollarization: What Would Happen if the Dollar Lost Reserve Currency Status? US News & World Report, November 2024
Since the above came out in mid-January 2025, gold has hit record prices in US dollar terms many times–including this week:
GOLD PRICES broke through $3600 per ounce on Monday, the 31st daily high of 2025, https://www.bullionvault.com/gold-news/gold-price-news/gold-3600-dollar-tariffs-090820251
Remember, in my January 2025 book, , I stated that “gold will set further records in U.S. dollar terms in the relatively near future.” With at least 31 daily gold price highs since that book was published, that clearly has happened.
Things will NOT continue as they have been.
There are costs to US deficits, sanctions, tariffs, and bullying tactics.
In April of 2021, the Continuing Church of God (CCOG) put out the following video on our Bible News Prophecy YouTube channel:
China introduced something that was called the gold-petro-yuan back in 2018. Since then, the global share of US dollar-dominated exchange reserves have dropped to 59.0%. In April 2021, China became the first major economy to unleash a Central Bank Digital Currency. China also has given its banks permission to import large amounts of gold. Is China preparing for a gold-backed yuan to push aside the US dollar or to help it survive a US dollar cataclysm? Are other nations preparing to push the US dollar aside? Do Europeans seem to have the most gold? Are Europeans prophesied to gain more gold? Is the US debt trajectory sustainable per Fed Chairman Jerome Powell? Does the Bible warn of the end coming to the highly indebted in Habakkuk 2:6-8? Why does it look like a gold-backed currency will replace the US dollar? Will the US dollar, ultimately, become essentially worthless? Dr Thiel addresses these issues and more.
Here is a link to our video: Gold Backed Currency to Replace the US Dollar?
This will not end well for the USA (cf. Daniel 11:39; Isaiah 10:5-11).
As far as silver goes, in April 2023 put together the following video on our Bible News Prophecy YouTube channel:
Silver, Science, and Scripture
What is silver? What is it used for? How long has it been used? Will it have use in the future? There was an archaeological discovery that concluded that silver was used as a form of payment 3,700 years ago in the Levant (roughly the area of Israel, Lebanon, and Syria)–that was 500 years earlier than many thought it had been used there. Was silver shown to be used even a couple of centuries earlier than that by Abraham in the Bible? What is dross? Did ancient Rome have dross coins? Did the USA switch to dross coins instead of silver in 1965? Does the Bible teach against the use of dross? Does the Bible prophesy that silver will have value into the Great Tribulation? Are there Greco-Roman Catholic prophecies pointing to Great Monarch amassing precious metals and the Antichrist using wealth as bait? Will there be a time when people toss their silver into the street? Are there any radioactive risks with silver? Will gold and silver have value in the millennium? What does the word of God teach is more valuable than gold or silver? What should you invest in? Steve Dupuie and Dr. Thiel address these issues.
Here is a link to our video: Silver, Science, and Scripture.
The world is strongly looking at de-dollarization. While Donald Trump may have some temporal successes seeming to block this trend, it still will happen.
That said, although metals will have value after the USA dollar becomes worthless, remember to NOT place your confidence in the US dollar, democracy, the Euro, silver, or gold, but “seek first the Kingdom of God” (Matthew 6:33).
Some items of possibly related interest may include:
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What About Silver? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold and silver? Two videos of related interest may be: Germany, Gold, and the US Dollar and Silver, Science, and Scripture.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is are links to related videos: European history and the Bible, Europe In Prophecy, The End of European Babylon, and Can You Prove that the Beast to Come is European? Here is a link to a related sermon in the Spanish language: El Fin de la Babilonia Europea.
The European Union and the Seven Kings of Revelation 17 Could the European Union be the sixth king that now is, but is not? Here is a link to the related sermon video: European Union & 7 Kings of Revelation 17:10.
Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations? Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous. Here is a link to a related sermon in the Spanish language: ¿Deben los Diez Reyes gobernar sobre diez naciones? A related sermon in the English language is titled: Ten Kings of Revelation and the Great Tribulation.
Should a Christian Vote? This article gives some of the Biblical rationale on this subject. Would Jesus vote for president/prime minister? Is voting in the Bible? This is a subject Christians need to understand. A video of related interest is available titled: Should Christians Vote?
The Gospel of the Kingdom of God This free online pdf booklet has answers many questions people have about the Gospel of the Kingdom of God and explains why it is the solution to the issues the world is facing. It is available in over 1,500 languages at ccog.org. Here are links to four kingdom-related sermons: The Fantastic Gospel of the Kingdom of God!, The World’s False Gospel, The Gospel of the Kingdom: From the New and Old Testaments, and The Kingdom of God is the Solution.
Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies? Is Donald Trump going to save the USA or are there going to be many disastrous unintended consequences of his statements and policies? What will happen. The link takes you to a book available at Amazon.com.
Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies? Kindle edition is available for only US$3.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies?
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