Now that the Dollar is in Free Fall and USA government is doing NOTHING to stop that, many governments like Germany & China are buying more & more Gold to protect their foreign Reserves, that means that the US DOLLAR is going to loose status as World International Trade Money, in the last 2 years dollar loose 25% of value against EURO.
USA is facing another DANGER countries like Russia, China, Saudi Arabia are buying more US Treasury Bonds, that’s a danger because that countries can use it as geopolitic weapon against the unilateral power of the US.
Lots of Multimillionaires (Gates, Warren Buffet) are buying more and more GOLD to protect their fortunes against the free fall of the Dollar
Gold price was for months at $643 per onze and it would begin rising.
In 1920 with $20 dollars worth 1 onze of gold, today $600 dollars worth 1 onze of gold.
For more information and links about the DOLLAR FALLING check my other post, End of Dollar HegemonY.
LINKS
US DOLLAR IN FREE FALL (GOLDMONEY)
GOOD BYE US DOLLAR, HELLO GLOBAL CURRENCY
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