EDITOR NOTE: According to legendary stockbroker and gold expert Alasdair Macleod, the value of the dollar is declining rapidly. He says that the major central banks won’t be able to keep gold prices down for much longer. Macleod posits that the purchasing power of the dollar is losing value at a rate of 5% to maybe even 13%. With this happening, the foreigners who own dollars will soon start a dramatic sell-off unless the Fed increases interest rates. The U.S. central bank is in a tough spot because, if they do this, the equity market bubble will pop. Major central banks, led by the Fed, see this and are quietly accumulating as much gold as possible without driving up the price. Macleod sees the entire economic system crashing down soon. He says he believes gold is money and silver is money and, outside of that, he’s removed himself from the dependency on “currency” to get prepared for the coming economic disaster. Is he right? Watch the video and judge for yourself.
Original post from Invest Smart