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There is, no doubt, a dollar crash coming at some point in the future. That's kind of like saying a recession is coming; always true, but without know when, it
by rossdavidh 6y ago
There is, no doubt, a dollar crash coming at some point in the future. That's kind of like saying a recession is coming; always true, but without know when, it's not to useful. I have read articles saying that the dollar's days of special status are ending, for at least 20 years now. Someday it will be true. Don't bet on it being soon.
Given that none of oil, bitcoin, euro, yen, yuan, etc. seem to be skyrocketing in (dollar-denominated) price, it doesn't seem like the current environment is any different in this respect. Gold is the only store of value that seems to be going up in dollar terms in a major way. I don't doubt that gold is a good store of value, but I don't think (for logistical reasons) it will displace the dollar any time soon.
Someday, it will be true. Is this the time? I suppose it could be. But we keep hearing this, every few years for decades now.