If the dollar collapses we will be in barter mode. Like I said if you think the USD will never collapse then don’t worry about it. If the USD collapses and people still take paper money it will be like Venezuela an OZ of gold will by a wheel barrel full of money. You will own the world. The only reason that gold is stuck now at a fixed price because it is being manipulated.
Once the other nations dump the petro-$, and they will, those holding gold are going to be sitting pretty. There’s a reason Russia and China are hoarding gold. There’s a reason we do whatever Saudi says. The two are connected: the petro-$. Reality is going to slap people in the face really hard one day. Soon? Who knows. All I know is a “roaring economy” should be able to handle interest rates above 2.5% and a president that presided over such an economy should be screaming for cuts. Markets shouldn’t rise and fall on the rumor of a cut. Gold shouldn’t skyrocket the same time the market does because people know cuts are coming.
I trade gold, oil and Nasdaq futures (primarily-and some Ag futures too) for a living. It beats anything I’ve ever seen. The whole world is full of ugly women right now. The US$ is just the least ugly in the room at this moment. But-its hideous.