Friday, August 5, 2011

Dollar's Reserve Status Waning, U.S. Treasury Borrowing Committee Says



“The idea of a reserve currency is that it is built on strength, not typically that it is ‘best among poor choices’,” page 35 of the presentation made by one committee member said. “The fact that there are not currently viable alternatives to the U.S. dollar is a hollow victory and perhaps portends a deteriorating fate.” LINK...

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No viable alternatives to the USD???
SHHHHH...I'll let you in on a little secret, GOLD has been the hidden world's reserve currency for thousands of years, and it really still is, but don't tell anyone. Just give me a call and I'll get some for you.    BK