AI
| Followers | 148 |
| Posts | 34814 |
| Boards Moderated | 3 |
| Alias Born | 06/16/2004 |
Saturday, April 02, 2005 6:27:17 PM
Collapse of the dollar ... gold is the only real currency in the world
Collapse of the dollar ... gold is the only real currency in the world
Published: Tuesday, March 29, 2005
Bylined to: Bob Chapman
THE INTERNATIONAL FORECASTER editor Bob Chapman writes:
Gold is a store of value and the only real currency in the world and it will always be that way. It is not just another commodity.
It is much more than that. It is an island of stability and safety in periods of financial crisis like we have today.
* Gold and silver to a lesser degree are ideal insurance against the ravages of fiat money.
Everyone on this planet will soon need gold as we face slowing economic growth; rising interest rates; falling stock, bond and real estate prices; rising oil and gas prices; ongoing war in Iraq and Afghanistan; the possible invasion of Iran, Syria and Venezuela; a move by China against Taiwan; the possibility of nuclear war and terrorism; a political crisis; a collapse of the dollar or the imposition of Martial law in the US.
Our guess is it won't be long before Russia has jettisoned most of its remaining dollar reserves ... President Putin has been prematurely paying off debt and not adding any new debt, plus they have been increasing their gold position and the economy is doing decently due to oil prices. Still, Russian exports are not competitive. Another plus though is the lack of personal debt ... Russia is flowing arms into the Middle East and will continue to do so.
We would expect ... if the US begins to move toward invading Syria or Iran, that Russia, China and Venezuela would be dollar sellers.
Maybe that would tempt other Asian nations to be sellers.
No matter what, soon somewhere along the way Russia and others will hit the dollar and the aftermath will be frightening.
THE INTERNATIONAL FORECASTER
P. O. Box 510518, Punta Gorda, FL 33951, USA
Bob Chapman international_forecaster@yahoo.com
More International Forecaster storyfiles by Bob Chapman
Photograph: Roy S. Carson
LINK: http://www.vheadline.com/readnews.asp?id=28665
Collapse of the dollar ... gold is the only real currency in the world
Published: Tuesday, March 29, 2005
Bylined to: Bob Chapman
THE INTERNATIONAL FORECASTER editor Bob Chapman writes:
Gold is a store of value and the only real currency in the world and it will always be that way. It is not just another commodity.
It is much more than that. It is an island of stability and safety in periods of financial crisis like we have today.
* Gold and silver to a lesser degree are ideal insurance against the ravages of fiat money.
Everyone on this planet will soon need gold as we face slowing economic growth; rising interest rates; falling stock, bond and real estate prices; rising oil and gas prices; ongoing war in Iraq and Afghanistan; the possible invasion of Iran, Syria and Venezuela; a move by China against Taiwan; the possibility of nuclear war and terrorism; a political crisis; a collapse of the dollar or the imposition of Martial law in the US.
Our guess is it won't be long before Russia has jettisoned most of its remaining dollar reserves ... President Putin has been prematurely paying off debt and not adding any new debt, plus they have been increasing their gold position and the economy is doing decently due to oil prices. Still, Russian exports are not competitive. Another plus though is the lack of personal debt ... Russia is flowing arms into the Middle East and will continue to do so.
We would expect ... if the US begins to move toward invading Syria or Iran, that Russia, China and Venezuela would be dollar sellers.
Maybe that would tempt other Asian nations to be sellers.
No matter what, soon somewhere along the way Russia and others will hit the dollar and the aftermath will be frightening.
THE INTERNATIONAL FORECASTER
P. O. Box 510518, Punta Gorda, FL 33951, USA
Bob Chapman international_forecaster@yahoo.com
More International Forecaster storyfiles by Bob Chapman
Photograph: Roy S. Carson
LINK: http://www.vheadline.com/readnews.asp?id=28665
HI-HO SILVER !!!
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
