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<p>[QUOTE="princeofwaldo, post: 3663476, member: 24091"]Less a case of gold's upward potential this time, than the US dollars certain eventual destruction. I will concede however, that the dollar's resilience long-term is something historians a millennium from now will still be struggling to understand, since the paradigm of the dollar as the world's reserve currency should have already failed. To the extent that central bankers are able to act in a cohesive orchestrated fashion much like they did in 2008 and 2009, I suppose the supremacy of the dollar will continue. But at some point other less benevolent governments (read China, Russia) will act unilaterally to restore monetary order in their own realms, and the likely outcome will be a world less dominated by the US dollar as a reserve currency. Once that happens, you don't want to be anywhere except in precious metals, as the return to fiat monetary stability will likely be at least a generation away.[/QUOTE]</p><p><br /></p>
[QUOTE="princeofwaldo, post: 3663476, member: 24091"]Less a case of gold's upward potential this time, than the US dollars certain eventual destruction. I will concede however, that the dollar's resilience long-term is something historians a millennium from now will still be struggling to understand, since the paradigm of the dollar as the world's reserve currency should have already failed. To the extent that central bankers are able to act in a cohesive orchestrated fashion much like they did in 2008 and 2009, I suppose the supremacy of the dollar will continue. But at some point other less benevolent governments (read China, Russia) will act unilaterally to restore monetary order in their own realms, and the likely outcome will be a world less dominated by the US dollar as a reserve currency. Once that happens, you don't want to be anywhere except in precious metals, as the return to fiat monetary stability will likely be at least a generation away.[/QUOTE]
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