Sign In

Dollar Predicted to Lose Status as World's Premiere Reserve Currency in 2014

Last updated 4 years ago

Peter Schiff, CEO of Euro Pacific Capital, commodities legend Jim Rogers, and ShadowStat’s economist John Williams, each project 2014 as the year the U.S. dollar loses its role as the world’s premiere reserve currency, resulting in a severe decline of its global purchasing power and increased metals prices.

"The United States is in a lot of trouble," Schiff said. Presuming the Fed issues a third round of quantitative easing (QE3) and it wears off, he said “We’re going to have a crisis.”  Schiff continued, "There is no short-term fix anymore, because we’ve been doing these short-term fixes for a long time . . . and U.S. Interest rates have got to rise, or the Fed is going to have to print so much money to keep them from rising that inflation is going to flare up in a way that government numbers can’t hide it anymore.”
 
Gold is vital for the protection of long-term funds. Don't miss the buying opportunity in gold that the Euro crisis has created. It will not last.

 

  • Loading comments... Spinner
Follow Me on Pinterest
Do you like Capital Gold Group?



Links

  • Recent Posts
    • Loading posts... Spinner
  • View All
  • Recent Comments
    • Loading comments... Spinner
  • Related Links
  • Popular Tags
    • Loading tags... Spinner