I think the hedge is more about not being too USD centric. I wouldn't bet on any one currency too heavily. China has its own set of problems. My guess is more l

I think the hedge is more about not being too USD centric. I wouldn't bet on any one currency too heavily. China has its own set of problems. My guess is more likely we'll see more diverse currency in trade relevant to the trading countries. Broader, IMO I think the USD is walking dead. I don't know when, but fundamentally you have a government debt no-one expects to be paid back, and growing quite rapidly. I respect most people would say otherwise and I'm often wrong, but I don't see how this ends with anything other than default, which will be preceeded by money printing most likely. The US is a huge and dynamic economy, so maybe they will prove this view wrong, or more likely drag things out for a long time, but humans being humans, at the first sign people start feeling they might not get their monies worth from USD, the response will be rapid as people try to protect their worth. This de-dollarisation seems part of the process and given Ukraine/Taiwan tensions no doubt is a strong drive from other nations. But off tangent but generally I would go with diversified vs focus on one alternative. Personally I went 15% cash and gold each from my shares a couple months back... Time will tell if I'm right or miss the next bull moment.