Loading ...I’m personally not a fan of buying gold. Prior to this economic collapse, I had never suggested to anyone to buy gold as a hedge for a currency. The problem now however that is the currency system is near broken. Too many countries have too much US dollars in their reserve banks. No one can use a significant portion of their dollar reserve or the global economy collapses. Instead, everyone is forced to buy dollars to keep their reserves worth something. The problem with this is that eventually, someone will want to stop investing and start spending. This will be a huge mess, that no amount of government manipulation or printing will be able to fix it. The alternative is do what China, Russia and India have started to do, start to hold gold in their reserves. If this trend picks up speed, gold at 2,000 an ounce is a very likely reality, 5,000 a probability and 1,000,000 an ounce a possibility. Let’s just cross our fingers and hope the dollar doesn’t collapse.
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