Demise of the Dollar

[GoldNugget]

"Gold crush or rush Commentary: Dollar demise practically ensures gold's rise" by KEVIN KERR

Article posted at marketwatch.com, see link above.

In his eye opening book "Demise of the Dollar," Addison Wiggin writes "The Great Dollar Standard Era is a direct result of the removal of gold as the underpinning of the world's currencies... The vast overprinting of currency will inevitably debase the value of the U.S. dollar, because so many foreign currencies are pegged to the dollar, the currency of those nations as well."

Throughout the 1970s and early 80s, U.S. investors were filled with fear that the greenback would continue to lose purchasing power. Few had confidence in the government's ability to limit the expansion of the money supply, culminating in a rush to buy precious metals from 1979 to 1980. I remember my father buying gold ingots and Indian Head gold coins. Everyone had them.

Gold may not be on a perfectly straight road to higher prices as evidenced by the volatility of late, but one thing is clear, gold is the best alternative to the current fiat fiasco of fiscal policy.


The U.S. dollar is on trial in the world financial markets and I for one am not waiting for the verdict. I am hedging the outcome with gold now while it's still very cheap