The Dollar Crisis is Approaching?

Wow, just look at the gold price chart today. An abrupt $26.12 hike in one day. Now it's standing at freaking $1043.32 an ounce! Does that signal the dollar crisis is approaching soon? Perhaps, very soon, sooner than you might be anticipated. I think the gold price will skyrocketing in the subsequent weeks or months. Farewell to the supremacy status of the US dollar.

Gold hits new high as traders fret over dollar inflation

The price of gold hit another all-time high today amid mounting concerns over the value of the dollar and the inflationary impact of the global economic recovery.

Source: Gold hits new high as traders fret over dollar inflation


UN calls for new reserve currency

The United Nations called on Tuesday for a new global reserve currency to end dollar supremacy which has allowed the United States the "privilege" of building a huge trade deficit.

"Greater use of a truly global reserve currency, such as the IMF?s special drawing rights (SDRs), enables the seigniorage gained to be deployed for development purposes."

Source: UN calls for new reserve currency

UPDATE ON LATEST GOLD PRICE - $1050.80!