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Craig Hemke at Sprott Money: The trend away from the dollar accelerates
5:31p ET Tuesday, August 28, 2018
Dear Friend of GATA and Gold:
The trend away from use of the U.S. dollar as the world reserve currency is accelerating as the United States weaponizes the dollar, Craig Hemke of the TF Metals Report writes at Sprott Money today. He concludes that eventually this will boost gold and silver prices.
"Any significant changes to the current monetary system will be wildly dollar bearish," Hemke writes. "Why? By definition a new system would result in a decrease in dollar demand while dollar supply continues to increase due to the soaring level of U.S. debt and deficits. The Econ 101 class you took in college taught you that increasing supply while decreasing demand for any good leads to a lower price, and the same would be true here."
Hemke's analysis is headlined "The Trend Toward De-Dollarization Accelerates" and it's posted at Sprott Money here:
https://www.sprottmoney.com/Blog/the-trend-toward-de-dollarization-accel...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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