Can Gold Replace the USD As Reserve Currency?
gold bars and coins

One of the stories gold bulls like to tell is the  as the world reserve currency. This story usually runs along the following lines: The US is , thus the US is a debtor nation. Debtor nations don’t last forever, thus the US is heading for collapse. When countries collapse, their currency becomes worthless. Since gold has never been worthless in the history of modern civilization, trade Dollars for gold now so you’ll preserve value heading into that uncertain future.

That’s it in a nutshell, isn’t it? When the cow excrement hits the rotating blades you want to hold on to the value you’ve created in the past.  And you want whatever the best form of money is.  And because gold has always preserved its value well during such crises, you should choose gold.  Simple.  Gold will protect you against the collapse of your country.

The modern reality is…Continue reading at