Loading ...Gold is continuing to climb higher every day and the dollar starts to loss its battle as being the only reserve currency of the world. As high as gold is, it can easily double or triple from here within the next year if China demand for the metal steps up. If you took 1% of Chinas dollar reserve and bought gold, you would see gold jump to 2,000 and remain there.
What will happen to the dollar is still an uncertainty. No doubt, the bankers want to devaluate the dollar by 20 to 40% to maintain global economic stability. The problem however is how do you slowly devalue the dollar by that much without causing everyone to run to the doors at the same time.
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