End of Reserve Currency Status for The Dollar Predicted

I don’t know exactly how this will turn out either.  However, ALL of the scenarios that I envision as probable are global and ugly.

“Basically what’s happening is there is huge demand at grassroots levels for owning gold because nobody trusts banks and nobody trusts government policies.  Some may be searching for a headline to get the gold market moving, but the people who are buying it for their own safety and protection don’t need that to buy.

 In my opinion we are definitely in the end game for the dollar as we know it.  I’ve said it any number of times, we are past the point of no return for the dollar as a reserve currency.  I don’t exactly how this will unfold, but any of the outcomes involve a higher gold price.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/13_John_Hathaway_-_Were_Definitely_in_the_End_Game_for_US_Dollar.html

 

Speak Your Mind