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01-25-2013, 03:32 PM
NYR Viper
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Originally Posted by SwissFreakinWatch View Post
I don't really want to get into a political debate, but I'll throw my opinion out there and we'll likely disagree and hopefully leave it at that: the fiat monetary system at it exists cannot continue. I don't think the dollar will continue as the primary reserve currency much longer. The entire system may collapse sometime within the next decade or two. Central banks continue to increase gold holdings as a percentage of total reserves and I think many of them have come to the conclusion that backing up a fiat currency with another fiat currency makes no sense.
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