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Victor H. Fischer
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has posted a comment on the article :
>Gold Is the Dollar’s Achilles Heel - Dan Popescu - GoldBroker
"The SDR is neither a currency, nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members."
Source: http://www.imf.org/external/np/exr/facts/sdr.htm

Only one currency can been pegged to the weight of gold. Otherwise mass chaos will occur by multiple arbitrages. Interest bearing bonds denominated by the single currency would be better than physical gold. The trading of gold would also have to be removed from the "Futures Market", otherwise mass chaos.


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2632 days ago
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Beginning of the headline :Is there an alternative to the dollar? I heard that question several times in the last few months. First, let me tell you that as much as you like it or not there is always an alternative to almost anything. It doesn’t have to be better or worse, but there is one. It is arrogant and shows a lack of understanding of history and nature to pretend there is no alternative to the dollar. The world existed before the British pound and before the US dollar, and it has survived the British pound and wil... Read More
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