US Dollar decline and central bank gold

Discussion in 'Markets & Economies' started by JulieW, May 7, 2011.

  1. JulieW

    JulieW Well-Known Member Silver Stacker

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    http://video.cnbc.com/gallery/?video=1906892049

    Cogent argument that the dollar collapse is underway

    and

    http://www.cnbc.com/id/42909399

    another country buying gold.

    A lot of commentary puts forth that gold buys are holders moving away from the US dollar, but the thought occurs that the pieces are being put in place for the new central world currency and that countries that have no gold are going to be greatly disadvanted - hence the push to buy back the tons sold earlier this century and late last century.

    Also of note is the Greek Govt talking of exiting the Euro and (therefore) defaulting on its Euro debt. This would be the first point of collapse of the EU - with countries such as Ireland, Spain, Portugal doing an Iceland and abandoning the debts foisted upon them by the collapse of the banking system.

    With the convergence of events, along with the push to shake out holders of silver and gold, I'd think there are no surer signs needed to go all in and protect your future from a massive wealth transfer such as would be enacted by the US collapse.
     
  2. hiho

    hiho Active Member Silver Stacker

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  3. Silverthorn

    Silverthorn Well-Known Member

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    Interesting that he referred to Bernanke as "The Bernank" like they do in those little bear videos. :)
     

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