Gold took a little dive this morning. Is it lamentable or an opportunity?

"Not in the "financial domsday theory", no, but in the end of the USD as a preferred medium of exchange, absolutely. It's been hobbling along for many years now, assisted with as much craftwork as members of the Federal Reserve and the US Treasury can muster.

An article from today's business section indicates that foreign central bank reserves globally has increased the US Dollar ratio to 61.2% of total, the Euro has dropped from 25.3 % o 24.4%, so that is approx. 85% of World wide the economic faith USD/Euro , even with our non-friendly countries. No indications to the reverse , even with the Feds saying that they are phasing out the expansion this fall.

They're just about out of maneuvers and time, and when the lights finally come on, the cockroaches will surely scatter, leaving our currency to stand on its remaining merits . . . none."

On the other side of the economic world, BRICS ( Brazil, Russia,India,China,South Africa decided to finally start their own World Reserve bank , bank in China, India has first presidency which will rotate.

http://www.ndtv.com/article/india/india-to-head-brics-100-billion-new-development-bank-559330

There are other stories ( google BRICS), and many have doubts about the success, as China is the key, and they really want more control which delayed the event by 2 years.

So now everyone investments can be based on the USD-Euro type of world bank companies or the BRICS investment companies. For investments between now and 20 years I would go with the USD as the primary reserve as the safest bundle. IMO.

 

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