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To: SeekAndFind

As soon as there is another currency worth holding, dollars will come rushing back to the US.

As of today, there aren’t any good alternatives.

If someone comes out with a gold backed currency for use in international trade two things will happen at the same time: Gold will soar and the inflation rate on imports will soar.

Until then....the dollar is still the reserve currency.


7 posted on 02/07/2024 7:45:46 AM PST by Vermont Lt (Don’t vote for anyone over 70 years old. Get rid of the geriatric politicians.)
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To: Vermont Lt
two things will happen at the same time: Gold will soar and the inflation rate on imports will soar.

This is incorrect. Gold will not soar, it is the standard by definition. Everything else will be taking one way trip downward to oblivion.
9 posted on 02/07/2024 8:31:19 AM PST by wafflehouse ("there was a third possibility that we hadn't even counted upon" -Alice's Restaurant Massacree)
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