The foundation of faith in the US Dollar is shaky. Is there another pillar keeping the dollar steady, such as the “tech-dollar,” and if so, could it prolong the dollar’s reign?
BRICS currency is not happening. There is no dollar collapse to be found there, and the US will create its own economic collapse long before that happens anyway.
Fed's Dudley says good-bye to bonds, and S&P downgrades a swath of US banks. Expect bank troubles to be made worse by the devaluation of commercial real estate.
Mining stocks' performance depends heavily on management acumen, the regulatory environment, sentiment on Wall Street, and costs for capital, labor, and energy.
If countries get past their differences and agree to a gold-backed common currency, then the symbolism of holding one another’s gold will be huge. The precious metal is the perfect arbitrator.
