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<p>[QUOTE=&quot;Phil Ham, post: 1588264, member: 5787&quot;]You can&#039;t compare the current situation in the US with the confederate dollar of the 1860&#039;s.&nbsp; It became quite apparent to the entire world in 1864 that the south would most likely loose the war.&nbsp; The world lost total interest in their currency and it began to hyper inflate.&nbsp; Meanwhile, the north was having incredible success in blockading their ports and limiting their export dollars.&nbsp; As their currency went to near worthless, its value against gold was inversely proportional.&nbsp; The US has about 27% of the world&#039;s GDP.&nbsp; What is quite surprising and little talked about is the fact that it has remained quite constant over the past 30-years.&nbsp; As China&#039;s and India&#039;s economies have increased over this time, the US share of world GDP has remained pretty constant while Europe&#039;s share has diminished.&nbsp; If the US dollar colapses, the world will go into a serious depression.&nbsp; The price of gold may go higher against the dollar but it won&#039;t be a pretty site.&nbsp; It is my opinion that this scenario is not going to happen.&nbsp; Of course, I&#039;m an optimist by nature.[/QUOTE]</p><p><br /></p>

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