Will the dollar collapse begin in March?

The dollar's value against other currencies has barely changed in the past year. But it has fallen by more than 30% against gold. And a key event in March could set off a dollar decline against other paper currencies...

This investment business demands infinite patience particularly during long periods of non-activity, which has been the case in the currency markets for a number of months. The US Dollar Index in July last year was at 97, almost exactly where it is now.

Perhaps the reason for the lack of activity in major currencies is because all eyes have been firmly fixed on gold bullion. Since July last year, it has moved from $420oz to $550oz a move against the US dollar of approximately 33.3%. The currencies of the world have been devaluing against gold not against each other.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.