Janet Yellen predicts slow decline of USD dominance and urges preparation.

Treasury Secretary Janet Yellen stated that while the dollar's share of global reserves may continue to decline as countries look to diversify, no currency currently exists that could displace the greenback. Recent events, including the Fed's aggressive rate hikes, the trade war with China, and U.S. sanctions, have caused more countries to call for trade to be carried out in other currencies besides the U.S. dollar. While de-dollarization efforts are clearly underway, most financial commentators share Yellen's view that the dollar will retain its throne. Investors worried about the strength of the dollar may consider diversifying their portfolio with a Gold IRA.