In recent months, the financial media has been full of news that the dollar's position as the world's main reserve currency has been shaken. "Gold is a real competitor to the dollar's reserve status," so&nbsp;<a href="https://www.wsj.com/livecoverage/stock-market-cpi-inflation-tariffs-06-11-2025/card/gold-is-the-real-rival-to-the-dollar-s-reserve-status-DjXrlZjec5JQY0apDqkh?mod=lctimeline_finance">wrote</a> The&nbsp;Wall Street Journal, for example. "In Argentina, investors are increasingly turning to gold as an alternative to the dollar," <a href="https://www.bloomberg.com/news/articles/2025-06-11/dollar-obsessed-argentines-have-a-newfound-love-for-buying-gold">Bloomberg</a> wrote. "The dollar's crown is slipping, and fast," is the headline of the&nbsp;<a href="https://www.reuters.com/world/europe/dollars-crown-is-slipping-fast-2025-06-12/">Reuters</a> publication.

International reserves