We are not "gold bugs" here at theOptionsEdge.Com. We do not buy into this meme that the US Dollar is doomed to crash so you must buy gold to save yourself. The US Dollar is THE Reserve Currency on planet Terra. That means every other every other central bank on the planet holds US Dollars as "value" against the currencies they issue.
US Dollars (Federal Reserve Notes) are issued against US Government debt. This means two things. (1) The currency is backed by confidence in the government, and (2) the US Dollar is supported by their government's ability to tax the populations and domestic corporates. The central banks of Europe, Japan, and China issue their currencies Euro, Yen, and Renminbi using the same technique. Those currencies do not have the same level of confidence as the US Dollar, so they are not used to transact and settle international debts. For the US dollar to collapse, another currency must rise up and take over. Given the enormous flaws in the other currencies floating around the planet, the probability of that happening is undescribably small at this point in time.
