US Dollar On The Verge on Collapse, Gold on the Verge of Sky-Rocketing
By: Roy | August 7, 2007
The US Dollar is again extremely close to breaking through its key support on the US Dollar Index at around 80.
A sharp drop in the US Dollar would send gold prices to new highs.
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As the US dollar declines, gold prices move up, but they move up more than the USD goes down.
Therefore some consider gold as a good investment to protect yourself against a declining US dollar.
One such person is gold analyst Sam Kirtley who said in The Gold Prices Newsletter that, “A significant breakdown through 80 is just around the corner and when the USD breaks 80, it won’t just break it, it will smash down through the support propelling gold and silver prices through the roof.”
“It [gold] has been held down in the $640.00 to $700 range for a long time, too long, the upside breakout will be phenomenal, surging way past the 25 year high made last year.”
Do you think the US Dollar will collapse?
Are gold prices going to rise in the near future?
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Gold Prices Surge To 28 Year High As US Dollar Crumbles
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