JSF

When the Dollar Crashes, All That Glitters Will Be Gold

The fact is that the US Dollar has lost substantial value in the last 6 years against most major currencies. During the same time, the gold price has more than tripled to $860 an ounce. Gold is the anti-dollar. The trend is likely to continue as the USA inflates its money supply and deficits rapidly. Gold is priced in dollars so a devalued dollar equates to higher gold prices. The dollar going to zero may be hyperbole, but the fact is that the dollar has gone down substantially and is likely to continue doing so over time. The trend is the friend - of gold.