Comments on: Gold Prices Soar to Record High on Report of Secret Plan to Dethrone the Dollar http://moneymorning.com/2009/10/07/gold-prices-dollar/ Global Investment News Fri, 25 May 2012 18:42:41 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: From Leader to Laggard: Is it Time to Bet Against the U.S. Dollar? http://moneymorning.com/2009/10/07/gold-prices-dollar/comment-page-1/#comment-21996 From Leader to Laggard: Is it Time to Bet Against the U.S. Dollar? Mon, 21 Jun 2010 16:57:59 +0000 http://www.moneymorning.com/?p=9272#comment-21996 [...] Exporting Countries (OPEC) – and what’s left of the non-OPEC nations – are still pressing for non-dollar-denominated oil deals. Expect some of those deals to take place in the wake of the BP PLC (NYSE ADR: BP) Deepwater [...] [...] Exporting Countries (OPEC) – and what's left of the non-OPEC nations – are still pressing for non-dollar-denominated oil deals. Expect some of those deals to take place in the wake of the BP PLC (NYSE ADR: BP) Deepwater [...]

]]> By: Greenback Woes Boost China's Global Muscle http://moneymorning.com/2009/10/07/gold-prices-dollar/comment-page-1/#comment-11421 Greenback Woes Boost China's Global Muscle Fri, 15 Jan 2010 19:55:03 +0000 http://www.moneymorning.com/?p=9272#comment-11421 [...] Exporting Countries (OPEC) and the so-called “BRIC” nations (Brazil, Russia, India and China) shifting to an international currency basket and gold to replace the use of U.S. dollars in the pric....  While this was quickly denied by some of the OPEC nations, their comments made it clear that [...] [...] Exporting Countries (OPEC) and the so-called “BRIC” nations (Brazil, Russia, India and China) shifting to an international currency basket and gold to replace the use of U.S. dollars in the pric….  While this was quickly denied by some of the OPEC nations, their comments made it clear that [...]

]]> By: The Dethroning of the U.S. Dollar Will Happen Sooner Than You Think http://moneymorning.com/2009/10/07/gold-prices-dollar/comment-page-1/#comment-7946 The Dethroning of the U.S. Dollar Will Happen Sooner Than You Think Tue, 27 Oct 2009 14:30:11 +0000 http://www.moneymorning.com/?p=9272#comment-7946 [...] finally couldn’t contain themselves any longer and leaked information a few weeks back that they’re pursuing a non-U.S. dollar trading basket as a replacement for the current U.S. dollar-traded oil [...] [...] finally couldn't contain themselves any longer and leaked information a few weeks back that they're pursuing a non-U.S. dollar trading basket as a replacement for the current U.S. dollar-traded oil [...]

]]> By: Greenback Woes Boost China’s Global Muscle http://moneymorning.com/2009/10/07/gold-prices-dollar/comment-page-1/#comment-7798 Greenback Woes Boost China’s Global Muscle Thu, 15 Oct 2009 08:43:23 +0000 http://www.moneymorning.com/?p=9272#comment-7798 [...] Countries (OPEC) and the so-called “BRIC” nations (Brazil, Russia, India and China) shifting to an international currency basket and gold to replace the use of U.S. dollars in the pric....  While this was quickly denied by some of the OPEC nations, their comments made it clear that [...] [...] Countries (OPEC) and the so-called “BRIC” nations (Brazil, Russia, India and China) shifting to an international currency basket and gold to replace the use of U.S. dollars in the pric….  While this was quickly denied by some of the OPEC nations, their comments made it clear that [...]

]]> By: Who’s Benefiting from the Dollar’s Demise? http://moneymorning.com/2009/10/07/gold-prices-dollar/comment-page-1/#comment-7799 Who’s Benefiting from the Dollar’s Demise? Wed, 14 Oct 2009 09:02:43 +0000 http://www.moneymorning.com/?p=9272#comment-7799 [...] And it was reported just last week that China and the world’s top oil producers are secretly planning to stop using the U.S. dollar fo.... [...] [...] And it was reported just last week that China and the world's top oil producers are secretly planning to stop using the U.S. dollar fo…. [...]

]]> By: Paul N. Moore http://moneymorning.com/2009/10/07/gold-prices-dollar/comment-page-1/#comment-7795 Paul N. Moore Mon, 12 Oct 2009 02:20:02 +0000 http://www.moneymorning.com/?p=9272#comment-7795 I have just finished the book by Peter Schiff(The lLittle Book of Bull Markets and Bear Markets. I totally agree with Mr Schiff's appraisal of where the U.S. is today. Our Nation is bankrupt and yet we keep borrowing and printing money. There has to be a day of reckoning for all these actions. I don't think it is far away I have just finished the book by Peter Schiff(The lLittle Book of Bull Markets and Bear Markets.

I totally agree with Mr Schiff's appraisal of where the U.S. is today. Our Nation is bankrupt and yet we keep borrowing and printing money. There has to be a day of reckoning for all these actions. I don't think it is far away

]]> By: Silver’s Run Quietly Gains Momentum http://moneymorning.com/2009/10/07/gold-prices-dollar/comment-page-1/#comment-7797 Silver’s Run Quietly Gains Momentum Thu, 08 Oct 2009 20:54:48 +0000 http://www.moneymorning.com/?p=9272#comment-7797 [...] New fears over the U.S. dollar’s vulnerability – warranted or not – have been a boon not only to gold prices, but its more affordable inflationary hedge silver. [...] [...] New fears over the U.S. dollar's vulnerability – warranted or not – have been a boon not only to gold prices, but its more affordable inflationary hedge silver. [...]

]]> By: Werner Strohmeier http://moneymorning.com/2009/10/07/gold-prices-dollar/comment-page-1/#comment-7796 Werner Strohmeier Wed, 07 Oct 2009 12:50:36 +0000 http://www.moneymorning.com/?p=9272#comment-7796 Not so sure that foreigners will run after US assets once more. The risk of the US running away from their financial commitments (national security interest) is growing by the day. The dollar started its way out in early May 1971, when various European Central Banks stopped intervening (buying) Dollars to support it. Nixon's action to suspend the convertibility of the USD into gold was the final kill. All fiat currencies are doomed, just try to be in the one that's going there more slowly. Not so sure that foreigners will run after US assets once more. The risk of the US running away from their financial commitments (national security interest) is growing by the day.
The dollar started its way out in early May 1971, when various European Central Banks stopped intervening (buying) Dollars to support it. Nixon's action to suspend the convertibility of the USD into gold was the final kill. All fiat currencies are doomed, just try to be in the one that's going there more slowly.

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