Did you know that dozens of countries are finding ways to trade that don’t include the dollar? The dollar has been the trading and reserve currency of the world for most of the last century. It’s losing that preeminence now because of the monetary inflation from the Federal Reserve and the U.S. Government collusion.
India has now agreed to buy oil from Iran with gold. China may follow suit. Of course this will boost the price of gold. China and Russia are both establishing contracts around the world for the resources they want from their trading partners that will not use dollars in the exchange.
These types of developments can lead to the full repudiation of the dollar. When the dollar loses its acceptance as the primary trading and reserve currency, it will rapidly lose value. This is already beginning to take place around the world. China and Russia are leaders in this effort.
You can expect gold and silver to escalate in value relative to the dollar as the dollar is repudiated and dumped into the trash bin of history. Our country continues on its course of economic suicide that will ultimately destroy the dollar.
Be smart, store your savings in precious metals, not in dollars.
Investing in stocks and precious metals is risky and could result in losing money. I am offering ideas for your consideration and education. I am not offering financial advice. Please do your own due diligence. I am not an investment adviser. Precious metals is not for everyone. I am a precious metals broker and sell precious metals. You should do your own due diligence when making investment decisions of any kind. You should consult your own financial advisers before making any investment decision. I make no guarantees that by following any advice or suggestion I might make that you will realize any return. Beware, all commodity markets and other markets carry risk of loss.