How the dollar's collapse will lead to a new gold standard

The dollar is headed for collapse, says Justice Litle in The Daily Reckoning, And with no real paper alternative to take its place, the return to a gold standard seems inevitable. But which countries will lead the way?

On our way to a post-collapse, post-dollar world, Asia will likely transition from a de jure dollar standard to a de facto gold standard. This will happen in stages as the dollar crumbles; Asian countries and consumers will accumulate gold reserves surreptitiously at first, and may eventually formalize the transition through some sort of pan-Asian IMF-type arrangement.

Dollar collapse: therise of Asia

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