Shift out of #Dollars by #Russia, #China, etc. has been going on for some time—It’s just now that we’re actually beginning to see it.

It happens in stealth mode, and then all of a sudden the "paradigm shift" , to quote Dalio, has occurred. The shift out of dollars by Russia, China and others has been going on for some time. It's just now that we are actually beginning to see it. 

While the EURO has been their Preferred currency for trading when they can't use their own, Gold has been their target in terms of diversifying their reserves:

Today Bloomberg published this:

Putin's Pledge to Ditch the Dollar Is Slowly Becoming a Reality  

The share of euros in Russian exports increased for a fourth straight quarter at the expense of the U.S. currency, according to central bank data. The common currency has almost overtaken the dollar in trade with the European Union and China and trade in rubles with India surged. The dollar's share in import transactions remained unchanged at about a third.

https://www.bloomberg.com/news/articles/2019-08-04/putin-s-pledge-to-ditch-the-dollar-is-slowly-becoming-a-reality

See these previous blog posts on the subject: 

- #Russia's Total #Gold Reserves Top $100 Billion As Central Banks Keep on Adding Ounces https://blogpangea.blogspot.com/2019/07/russias-total-gold-reserves-top-100.html; 

also this re: China:

As #Gold surged to highest level in nearly 6 years, #China's been buying gold while selling US Treasuries https://mastermetalsblog.blogspot.com/2019/06/as-gold-surged-to-highest-level-in.html...