'Tommy Two Times' Unfortunately the examples{countries} you mentioned lack the following: [1] Unlike the $, they are not the reserve world currency, the $ is. [2] They do not have a large bond market such as in the U.S. [3] They do not have the capital structure or market that the U.S. has. [4] They do not have the commercial or industrial base that the U.S. has. [5] Unlike the countries you mentioned, the U.S. is neither a bannana republic or a 3rd world watering hole. If you think that a monolithic power structure such as the U.S. will wimper & die over the fact that they issue fiat, then ask yourself this question: What will happen to the rest of the world, where every single country on Earth now issues fiat? Are they in a better/stronger position than the U.S.?
Gold is just fine, but it takes a huge leap of faith to think that it will overtake U.S. capital markets. GLTA Play it like you see it.