Debt to cause "Dramatic re-pricing"...Gold to $3000-3500 soon?
(www.kitco.com)
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IMO the rumors of a dollar collapse are false. The dollar would hyperinflate first.
Also my opinion, it's nice to see silver and gold where it is, and I believe other countries buying gold/silver are what is driving up the price. Other countries know the dollar is shit.
Interesting in the video, he mentions a controlled default. Didn't our Pres say we're going default?
I'm not sure the dollar would be around long enough to hyperinflate. Too much of the world relies on trade with the dollar. It isn't like Venezuela - nobody really cared about their money and didn't rely on it for anything (other than the Venezuelans). We won't see people wheeling around wheelbarrows of dollars.
I think if the dollar does crash it will be over a 2-4 week period while the world adjusts to trading with BRICS currencies, or they will just go straight to Chinese, Russian, or European currencies. The rest of the world won't wait while the dollar goes to fractions of a cent.