What strong gold says about the weak dollar

The writer is chair of Rockefeller International

Today commentators overwhelmingly agree that a weakening US dollar cannot possibly lose its status as the world’s dominant currency because there is “no alternative” on the visible horizon. Perhaps, but don’t tell that to the many countries racing to find an alternative, and such complacency will only accelerate their search.

The prime example right now is gold, up 20 per cent…