re: gold set to collapse-why?
Maybe in the short term ( 1 to 2 months )the dollar does rally but the longer term outlook for the dollar is down as there is less and less support for the dollar on the world market. The main problem is that the U.S.A. has tidal wave of debt that can not be supported once interest rates get above 3% , next year some time. The American economy needs to grow at a very large pace just to stop the debt from getting any larger or increase personal tax to 70 % and leave it there for ever. This is not going to happen. The American housing market would also appear to have a large problem and that is that they can stop paying there interest bill for 1 year before they go into default, not a very good idea in my book. Consumer spending has been on the back of house prices rising , this problem will some put a stop to that and the American economy comes to a stop.
