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Is Gold the Anti-Dollar " United States’ Role in the Gold Market

- Dan Popescu - GoldBroker

Just like the share market fiat currencies will continue to exist until people lose confidence in them. After that there is only one way to go. If the Fed stops printing its funny money immediately then perhaps the US dollar may survive a while longer but then Americans would have to face the inconvenient truth that goods made overseas have a real cost and that (overseas) debt has to be repaid in real dollars. With that in mind I am leaning to the continuation of the money printing program. It may well end badly.

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Début de l'article :What role does the United States play in the gold market? The United States is, after the European Union, the largest holder of gold reserves, according to the International Monetary Fund (IMF). Besides China, Russia, India and the European Union, the United States is one of the most important players in the gold market. It is, in my opinion, the most anti-gold country of all the major five players. A whole generation of economists has been indoctrinated to... Lire la suite

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