Sounds like a doom-and-gloom prediction global warming cultists would make.
Always has been. The US has been in decline since it went off the gold standard in 1971.
Just due to our HUGE DEBT, we were drifting towards losing our Dollar dominance before Biden’s bunch decided to start their proxy war against Russia. But their war SUPERCHARGED the move and now the Neocon Chickens are ‘coming home to roost’.
Gold moves up under threat of war.
Here we are.
Why has Silver not shot to the Moon ?
we already know that we need rare earths that we never stockpiled and mostly China produces.
No one knows if we have a huge stockpile of gold or silver
but I am guessing we do not.
we had a huge stockpile of silver in our currency, but mostly that is all gone and since it was not taken out of circulation by the govt it was by the people.
so probably they could get all they wanted for $75 oz
95% of dollars are electronic. Good luck taking people back to the 19th century in all their transactions.
Is it true that gold is not increasing so much as the dollar is shrinking in value?
I think this is true, if not, let me know.
US is going the way of Great Britain....Both were great now they are not...
Americans don’t quite understand what is happening…when they finally figure out that Gold isn’t rising, but it is the USD that is losing it’s purchasing power - the rush to Gold’s security will be met by little to be found ( premiums will be historic).
ALL the world’s currencies are fast losing purchasing power….history shows 4,000 paper currencies have all given up the ghost….the USD is no different.
How is life going to change?....they all preach doom and gloom but never say what will happen in the average person’s life.
If the American economy collapsed, gold would get you nothing. A fifth of cheap vodka would be worth more as would any type of food.
When they find that Fort Knox is empty, will Gold hit $10,000.
Rate cut this week? It just seems like its about to happen. A big rate cut.
What about the hundreds of billions of dollars in plant upgrades and new business in the U.S. that foreign firms are spending.
I would be surprised if the dollar did NOT decline slightly.
But the future will be bright for American workers with lots of new jobs being created. Go Trump!