Silver has increased by 174% in one year, and gold has broken through the $4,500 mark. The most outrageous thing is that the Central Bank of Uruguay directly stated, "Holding US dollars is equivalent to losing money"—a statement from a national central bank carries significant weight.

The underlying numbers are staggering. The Federal Reserve has printed between 4.1 and 5.9 billion US dollars over the past 20 years, drastically reducing the purchasing power of US dollars held by Uruguayans. The world has come to realize that the so-called dollar hegemony is essentially a scheme to extract value from the global economy through "seigniorage."

Now, the situation has changed. The US dollar reserve ratio has fallen to its lowest in 30 years. Uruguay has turned around and aggressively promoted its local currency bonds, and China and Brazil have renewed their 190 billion RMB swap agreements. De-dollarization has shifted from a slogan to concrete action.

Why? Ultimately, the foundation of the monetary system is trade. Latin America needs high-speed rail, mining equipment, and other infrastructure, which depend on China. RMB settlement has long become the optimal choice. The surge in gold and silver prices is actually a global vote of confidence—investors no longer trust fiat currencies.

This is not an isolated resistance by any single country, but a global pursuit of a diversified monetary system. The era of dollar dominance may be coming to an end, and the era of dual drivers—gold and RMB—has already begun. Do you think the next country to abandon the US dollar might be Europe? Will gold reach $5,000 next year?