Soc Gen Says "Dedollarization Benefits Gold and Small Currencies"

Evidence De-Dollarization has Become a Monetary Reset

SocGen and the ECB confirm de-dollarization is no longer theory—it’s underway. As trust in fiat fades, gold has overtaken the euro in central bank reserves. The dollar’s decline hasn’t boosted other currencies, only gold and some BRICS FX. This marks a structural monetary reset, echoing a return to Bretton Woods

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Evidence De-Dollarization has Become a Monetary Reset

Contents (970 words)

1. Introduction

2. A World Fleeing Fiat, Not Just the Dollar

3. *Note: This Chart Above is The Reset Manifesting

4. ECB: Gold Has Overtaken the Euro

5. The Ghost of Bretton Woods Returns

6. Gold’s Demand Spiral

7. Toward a Post-Dollar Reserve Order

Introduction:

What began as speculation has become structural. The decline in the U.S. dollar’s dominance is not a cyclical correction or a flash reaction to policy. It is a secular shift. According to analysis from Societe Generale and the European Central Bank (h/t ZH), the post-2022 global monetary landscape reflects a lasting reallocation away from fiat currencies—one that has not benefited other reserve currencies, but gold.