The Golden Fall of the U.S. Dollar

The Golden Fall of the U.S. Dollar
By Ferris Eanfar, Financial Policy Council; TMax Capital

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Would you rather have gold or dollars? People around the world are asking this question more and more as we enter the year 2012. In fact, Donald Trump already accepts gold as a form of payment from tenants in one of his buildings because Trump believes the U.S. Dollar is losing its value and its status as a credible international reserve currency. i WikiLeaks leaked a 2009 cable from the U.S. Embassy in Beijing, China, which indicated that the United States and Europe have been suppressing the price of gold for many years to artificially prop up the value of the U.S. Dollar. The ii launch of the instantly popular Pan Asian Gold Exchange in July 2011 creates strong incentives for global investors to pull their assets out of the West and take their gold and capital to the vast Pan-Asian market. And China’s economic policy statements and insatiable gold-buying appetite in recent years clearly indicate they are working aggressively to release gold markets from the grip of Western control and manipulation. All of these events and many more strongly suggest that demand for gold will continue to rise to significantly higher levels in the months and years to come and the USD will likely collapse within the current decade….Read Continue

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