2010 was the year that China began cutting back its Treasury purchases in favor of Gold Bullion, hard assets, and emerging market currencies. The Fed has stepped in as a major purchaser of Treasuries.
This represents a new phase on the path to Dollar collapse, and it will manifest in 2011 in the form of more "unexplainable" inflation – as we are now seeing in the prices of everything from corn to gasoline. - in goldnews.bullionvault.com
Related: SPDR Gold Trust (ETF) (NYSE:GLD), ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE:TLT)
Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.