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<p>[QUOTE="Cloudsweeper99, post: 574094, member: 3011"]Everyone can make up their own mind, but I would caution people to not blindly accept gloom and doom reports of the demise of the dollar. They have been coming out continuously for decades, and will for decades more. </p><p><br /></p><p>Just a few thoughts...</p><p><br /></p><p>The US is not Russia. I doubt there was ever a time when the average Russian lived in prosperity. They just don't know how or don't care to structure their economy that way.</p><p><br /></p><p>While special drawing rights have been around for decades, they haven't and aren't likely to morph into a world currency. </p><p><br /></p><p>The dollar has value. It has exchange value. It can be used to make purchases and pay taxes. It isn't a great store of value, so you're going to have to find someplace else to store your savings.</p><p><br /></p><p>Gold rises and falls like every other commodity. The purchasing power of gold and silver changed when they circulated as money. It would be more correct to say that both the dollare and gold fluctuate in value, but the long term trend for the dollar has been down while gold has fluctuated less.</p><p><br /></p><p>There is a lot of bad information out there. Be careful what you choose to believe.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 574094, member: 3011"]Everyone can make up their own mind, but I would caution people to not blindly accept gloom and doom reports of the demise of the dollar. They have been coming out continuously for decades, and will for decades more. Just a few thoughts... The US is not Russia. I doubt there was ever a time when the average Russian lived in prosperity. They just don't know how or don't care to structure their economy that way. While special drawing rights have been around for decades, they haven't and aren't likely to morph into a world currency. The dollar has value. It has exchange value. It can be used to make purchases and pay taxes. It isn't a great store of value, so you're going to have to find someplace else to store your savings. Gold rises and falls like every other commodity. The purchasing power of gold and silver changed when they circulated as money. It would be more correct to say that both the dollare and gold fluctuate in value, but the long term trend for the dollar has been down while gold has fluctuated less. There is a lot of bad information out there. Be careful what you choose to believe.[/QUOTE]
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