Dollar Decline Turning Into Panic Out Of The Dollar?

Gold goes above $1200 as Obama announces a massive expansion of the empire. Do you really believe the Chinese will continue to buy government debt paying them a pathetic single digit interest rate when the purchasing power of the dollar is down by 40% this year alone? Soon enough the Chinese will cut their loses and when foreign demand for dollars disappears the dollar is finished. Gold and silver are the only things you can rely on. Get out while you still can.

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