> and have been telling each other that the dollar is going to collapse any year now every since. The point of pegging a currency to something tangible, like g

> and have been telling each other that the dollar is going to collapse any year now every since. The point of pegging a currency to something tangible, like gold, is to increase confidence in the currency. When the currency is pegged, it's much harder to just print money whenever the government wants to. Thus, pegged currencies are safe to do business in because they just won't evaporate overnight. Remember: Currencies come and go, so the dollars, Euro, Yen, ect, will eventually be replaced by something else. Given the US Dollar's status as a reserve currency, it probably won't just "collapse any year now". I'm currently reading "Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail", https://www.amazon.com/Changing-World-Order-Nations-Succeed/dp/1982160276 https://www.amazon.com/Changing-World-Order-Nations-Succeed/... The author, Ray Dalio, carefully explains the signs of when a currency is going to fail.