World's future reserve currency uncertain

Which is why we should all be buying gold right now.
When the poopies hits the fan, the world will go running back to gold because there is still no better value store.
 
LazyLion said:
Which is why we should all be buying gold right now.
When the poopies hits the fan, the world will go running back to gold because there is still no better value store.
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I don't see any reason to pick gold over say platinum?

Personally I'd prefer some kind of currency basket design.
 
HavocXphere said:
I don't see any reason to pick gold over say platinum?

Personally I'd prefer some kind of currency basket design.
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Any precious metals, but historically gold has always performed well during times of economic uncertainty.
 
LazyLion said:
Any precious metals, but historically gold has always performed well during times of economic uncertainty.
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That's if you can buy it. Which is becoming very difficult to do. Most of the "gold" that is traded today is in the form of gold certificates. There's something like 50 ounces of gold represented on paper for every ounce that humans actually posess. It's an immense ponzi scheme and the day's coming when it's going to come apart at the seams.
 
interesting, This debate about economics is repeating itself around each decade... nothing new
 
Nokkie said:
interesting, This debate about economics is repeating itself around each decade... nothing new
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No, it really is different this time. The last 7 years have been a depression in all but name. And soon they're not going to be able to lie about it anymore.
 
There have been rumblings about the dollar's sustainability as the world's reserve currency for many years, but never in a publication as mainstream as The Economist, which means it may well be prudent to take notice.
 
garp said:
There have been rumblings about the dollar's sustainability as the world's reserve currency for many years, but never in a publication as mainstream as The Economist, which means it may well be prudent to take notice.
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Rumblings certainly...but no viable plan B.

Nothing will change imo & I'll only start watching this seriously once I see oil being priced in something other than USD. I know there is a small EUR exchange but thats about it afaik.
 
One more thing to worry about.

Eh?

Better not own any dollars or Euros, GBP or Yen.
 
All thats required is a reserve currency independent of any country's domestic currency.

The mechanics to put this into effect are quite easy and it will be rather seamless, the only problem is political will.
 
saturnz said:
All thats required is a reserve currency independent of any country's domestic currency.

The mechanics to put this into effect are quite easy and it will be rather seamless, the only problem is political will.
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And who gets to create the currency in the new order, hmmm?
 
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