US$ Reserve StatusGold and silver fail first test | Kitco News My Comment : With the US running $1Ttillion annual trade deficits and $2Trillion annual budget deficits, the US$ will only lose value. And,of course, there's the Fed's $9Trillion balance sheet. The next recession will only mean these numbers will go much higher.
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From a news standpoint, Russia has set a fixed price of 5000 Ruble per Gram of gold. With China and other countries now ignoring the U.S. Dollar, the price of gold and silver could soar. The Dollar as the reserve currency could be in jeopardy, which would drive metals much higher.