Gold Is Money And All Fiat Currencies Are In Severe Trouble: Countries Are Trying To Diversify Away From US Dollar, Central Banks Are Matching Each Other Virtually Ease For Ease, And Last Year They Bought Most Gold Since ’64!! Jim Rogers: ‘We Should All Be Terrified’

Friday, February 15, 2013
By Paul Martin

Investmentwatchblog.com
February 14th, 2013

Is the Dollar Dying? Why US Currency Is in Danger

The U.S dollar is shrinking as a percentage of the world’s currency supply, raising concerns that the greenback is about to see its long run as the world’s premier denomination come to an end.

When compared to its peers, the dollar has drifted to a 15-year low, according to the International Monetary Fund, indicating that more countries are willing to use other currencies to do business.

While the American currency still reigns supreme — it constitutes $3.72 trillion, or 62 percent, of the $6 trillion in allocated foreign exchange holdings by the world’s central banks — the Japanese yen, Swiss franc and what the IMF classifies as “other currencies” such as the Chinese yuan are gaining.

“Longer term, of course, countries are going to diversify away from the dollar if they can. There are more favorable investment opportunities out there if you can catch yield,” said Christopher Vecchio, currency analyst at DailyFX, a trading firm. “Despite the increase in risk to the U.S. dollar and Treasury, investors still feel safest at home.”

But the Federal Reserve’s successive quantitative easing programs, which have created $3 trillion in new greenbacks, continue to spur worry over the dollar’s status.

The Rest…HERE

Leave a Reply

Support Revolution Radio