Is The US Dollar About to Crash?

The US national debt is over $34 trillion, and it is growing rapidly. One of

the largest government expenses is interest payments on debt. It has

gotten to the point where it is starting to look very unlikely that the

government will ever see a decrease in debt.

The purchasing power that the US dollar had just a while ago no longer

exists. It is much weaker compared to many major currencies, and global

sentiment towards it recently hasn't been great.

Looking at the gold price chart, you can see that after the gold crash we

did start to slowly regain, and the last few days we have seen very strong

price action from gold. This is indicating that even if gold was overbought

just a while ago, investors are still interested in buying the asset. Usually

when gold prices are going up, the opposite happens for the dollar. So, if

gold is starting to rally now, even after the dollar has barely regained

strength, we are looking at a possible second crash and we will more than

likely see levels that have not been seen since 2018.

This might seem farfetched, and it could be, until you look at the political

instability that we have seen coming out of the USA. Every country

experiences corruption and controversy, but unfortunately for the US

dollar, its government seems to be the centre of attention at all times.

When big headlines break in the USA, they break the worlds headlines.

This is why BRICS has been looking at a way to diversify safe haven

currencies so that the dollar is not the only one investors turn to.

This is a very small possibility, but it is still a possibility nonetheless. But

as time goes on, it does seem to slowly get more possible. This is just

because of all the de-dollarization efforts of other countries. The efforts

are not making quick damages, but in the long run it will definitely play a

big part in why the dollar could crash and no longer play such a huge

role.

For safety precautions, moving your money to gold will be a good idea,

opposed to keeping it in dollars, and like we just talked about, investors

are already doing so because of the risks that we are seeing in the dollar.

Moving it to gold is not a quick move for some profits or hope that they

can leverage their wealth, but rather a long term play for sustainability.