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March 26, 2011

A New Phase On The Path To A Dollar Collapse

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.
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