“The Dollar is Dead” has been the battle cry of goldbugs and crypto currency bugs for well over a decade.
You didn’t know crypto’s have been around for over a decade?
If you look up “Satoshi Nakamoto” you’ll see that BitCoin – the first crypto currency – was very quietly conveniently introduced at the height of the 2008 meltdown.
Unlike gold – which has been around for 5,000 years – crypto’s were introduced as another way for governments to control the flow of money.
Crypto fans claim it’s “non-traceable” or “outside the hands of government” so you’ll think you can get away with something like not having to pay taxes.
That’s especially hard to believe when all governments in the world are desperately seeking new ways to tax everything and anything that moves.
Think “RFID Chips” inserted via a “Vaccine” to combat a bogus CoronaVirus with a 99.5% recovery rate (Cough! Bill Gates, Cough! Hairball Cough!).
That’s another story for another time.
Meanwhile, gold and crypto bugs rail over how the dollar will die and be displaced because of the impressive rise in gold.
On the surface is sounds legit.
Compare the following numbers YTD:
- Gold is up 35.26%
- Silver is up 54.45%
- NASDAQ is up 24.55%
Most people don’t realize that silver is blowing the doors off of most asset classes this year and it’s STILL one of the most undervalued assets on the planet. (Read our August newsletter about gold and silver mining stocks)
However, gold and silver are not rising because the dollar is falling.
They rise due to lack of confidence in government.
The world’s King (US dollar) is not about to be displaced anytime soon, despite the claim that Chinese Yuan will be the next reserve currency.
However, the die is cast for an eventual transition from the dollar to a new world reserve currency.
Before that happens the vast majority of investors will miss out on one of the greatest moves in history fueled by the US Dollar.
It will also be one of the greatest paths of destruction to our global monetary system.
Don’t miss our August issue of “…In Plain English” where we show you hot to profit from the imminent rising dollar.