Investors Scoop Up Gold Coins In Record Numbers!

It's both and if the USD crashes they do as well. Their economy is directly dependent on our consumption as is most of the world. The USA is the biggest importer of essentially every product on the planet.

There's no possible replacement, you either have to go to the Euro which is in the same boat or the Pound which is also in the same boat. China will never be a real reserve currency or even the default one while being a communist country. This is especially true after they just lied to the world for months about the virus, resold donated medical equipment countries gave them for help at the start for inflated prices, have active concentration camps etc etc.

And keep a strong military. Military has always been one of the driving factors of currency and that has been true all throughout history. None of the top currencies ever fell until their military had whether that be the British empire back to ancient Rome.

 

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I would disagree about the military. While one needs an adequate one in order to defend oneself, military power is usually a reflection of economic strength. Rome fell due to economic policies and weakness, the military simply reflected that. Rome became powerful due to strong economy. The USSR folded due to not being able to support a military equal to ours with such a weak economy. If we continue to fund a larger and larger military on a weaker and weaker economy we will go down the same path. One must concentrate on having a country in which the free market continues to create wealth and reward hard work, otherwise everything else fails.

 

That really hasn't been true in modern times. Plenty of countries with "economic strength" have a fairly weak military by comparison such as the British, Germany, France etc. Part of that is because the US has it they don't need it, but military strength is much more complicated than the economy.

Rome became powerful because of the legion and the it's extensive use of slave labor. Fear controlled most of it's territory for non-Romans and once the legions showed it was beatable everyone started taking shots at the champ. Everything from civil war, weakened legions, disease lead to it's downfall because the slave labor system only worked with a strong military. Changing religious beliefs played a role as well. Regardless it's not really that relevant it's just an example of an empire that when the military was strong it prospered, when it was weakened and over extended it crumbled.

They never could support an equal one aside from nukes most was just perception. Communism has never worked and never will work, it's always a fairly short lived style of government (in terms of history of 100-200 years max) without constantly killing dissenters regularly which will also eventually lead to their demise

 

Here's an interesting read related to your post:
https://www.wired.com/story/the-secret-history-of-a-cold-war-mastermind/

 

most people who buy gold coins don't really know what they're doing thanks to all of the hucksters. Most of it will end up getting sold for less than what was paid for it

 

Yes, I find our system of denying degreed Indians citizenship as bad policy