Herculean post ! Very interesting. I see where you are coming from but IMHO you are maybe 10 to 20 years too early. The US dollar's supremacy will not be destroyed easily and your mention of the US gold reserve is pertinent in this. Being a reserve currency includes huge benefits but equally large responsibilities. The US has milked the former for all its worth in the past decade. However fundamental change carries huge uncertainty. I think we will be with the dollar for a while yet.
That being said, I am a huge gold bug but will be selling down as soon as I see the froth on the market. I think the chance of a meltdown in the financial system is around 10%. That means I think there is a 90% chance of financial markets returning to a normal level over the next 2 to 3 years. That means gold will return to historic levels. That is my take on the current situation.
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