Gold to $57,000, Silver Even More? Interview of Adrian Douglas Part 1 of 2
Gold to $57,000, Silver Even More? Interview of Adrian Douglas Part 2 of 2
The Super Simple Case for $175 Ounce Silver
THE MADNESS OF A LOST SOCIETY: Part 1 & Part 2 FINAL WARNINGS
Utah Considers Return to Gold, Silver Coins
It's been nearly 80 years since the U.S. stopped using gold coins as legal currency, and nearly 40 since the world abandoned the gold standard, but the precious metal could be making a comeback in the United States -- beginning in Utah
The Utah House was to vote as early as Thursday on legislation that would recognize gold and silver coins issued by the federal government as legal currency in the state. The coins would not replace the current paper currency but would be used and accepted voluntarily as an alternative.
Why the Dollar's Reign Is Near an End
The single most astonishing fact about foreign exchange is not the high volume of transactions, as incredible as that growth has been. Nor is it the volatility of currency rates, as wild as the markets are these days.
Consider this: When a South Korean wine wholesaler wants to import Chilean cabernet, the Korean importer buys U.S. dollars, not pesos, with which to pay the Chilean exporter. Indeed, the dollar is virtually the exclusive vehicle for foreign-exchange transactions between Chile and Korea, despite the fact that less than 20% of the merchandise trade of both countries is with the U.S.
Chile and Korea are hardly an anomaly: Fully 85% of foreign-exchange transactions world-wide are trades of other currencies for dollars. What's more, what is true of foreign-exchange transactions is true of other international business. The Organization of Petroleum Exporting Countries sets the price of oil in dollars. The dollar is the currency of denomination of half of all international debt securities. More than 60% of the foreign reserves of central banks and governments are in dollars.
The greenback, in other words, is not just America's currency. It's the world's.But as astonishing as that is, what may be even more astonishing is this: The dollar's reign is coming to an end.
I believe that over the next 10 years, we're going to see a profound shift toward a world in which several currencies compete for dominance.
The impact of such a shift will be equally profound, with implications for, among other things, the stability of exchange rates, the stability of financial markets, the ease with which the U.S. will be able to finance budget and current-account deficits, and whether the Fed can follow a policy of benign neglect toward the dollar.
Read More at: http://online.wsj.com/article/SB10001424052748703313304576132170181013248.html?mod=WSJ_hp_mostpop_read
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As I'm sure you all have been watching, silver is now up and over the mythical $35.00 ounce mark, this happened much faster than I anticipated, I still believe silver to be a solid investment/commodity for insurance of personal wealth and diversification there-of; however, we are quickly coming to a point where silver will no longer be as "cheap" as it is today, as the saying goes, "get it while you can."
