Dollar In Danger? Maybe

Anyone who says that the dollar can not collapse, perhaps you should take a look at this graph of the dollar value.
There is not much needed to get the dollar down to historic low levels.
We’ll have to keep an eye on the politicians they coming days. It is out on dangerous waters playing with the debt celling.

http://www.tradingeconomics.com/united-states/currency

Look at value from 1967-2013

Going down today

http://www.bloomberg.com/quote/DXY:CUR

And i’m shore a lot of people are worried outside the US….

BEIJING — China urged Washington Monday to take decisive steps to avoid a debt crisis and ensure the safety of Chinese investments, as a deadlocked U.S. Congress confronted a looming deadline to increase the nation’s borrowing power or risk default.

http://www.voanews.com/content/reu-china-urges-us-take-steps-to-avoid-debt-crisis/1764287.html

World Central Banks Are Buying 350 Tons of Gold This Year – Why? What are you buying?

Central banks, which own 18 percent of all the gold ever mined, will add as much as 350 tons valued at about $15 billion this year, the London-based World Gold Council estimates. They purchased 535 tons in 2012, the most since 1964. Russia is the biggest buyer, expanding reserves by 20 percent since prices reached a record $1,921.15 an ounce in September 2011. Gold slumped 31 percent since then.

They are buying while the Gold Market is in a Bear Market

The most accurate analysts say the bear market will deepen. Goldman Sachs Group Inc. and Societe Generale SA correctly forecast this year’s rout. New York-based Goldman says prices will drop to $1,110 in 12 months and Societe Generale, in Paris, sees an average of $1,125 in 2014. Prices will average $1,300 in the fourth quarter, the lowest in three years, according to the median of 12 analyst estimates compiled by Bloomberg.

“Some central bankers have come to see gold as an alternative currency, certainly as a defense against potential inflationary pressures from the historical deployment of quantitative easing and low rates by global central banks.”

http://www.bloomberg.com/news/2013-10-06/gold-befuddles-bernanke-as-central-banks-losses-at-545-billion.html

The Fed Has Destroyed 98% of the Dollar s Value – Ron Paul

Limpan

Read more at http://investmentwatchblog.com/dollar-in-danger-maybe/#ZC3rujtKdHhUI1QP.99