First Mining Gold Corp (FFMGF)

[Pollisis]

One of the main reasons why the dollar demise will take longer then most people think is the fact that all the existing loans outside the US that was taken out in dollars will have to be serviced until completion in dollars. I forget how much there is exactly but let’s say that number is roughly 100 trillion dollars and the average timeframe of the loans is somewhere around 10-15 years. Even if the world completely hated and shunned the dollar, they still need to accumulate dollars until those loans are paid off. I think we’ll be seeing much less loans being taken out in dollars so we will begin to see the slow bleed in the value of the dollar but it mathematically can’t lose a ton of value overnight due to this issue.
I also think that pretty soon we will see a decoupling of the gold price to the strength of the USD. Meaning that even though the dollar strength is slowly going down, we will still see gold moving up faster then USD depreciation.