Foreigners Massively Dumping USD & Rushing To Gold | Alasdair Macleod

Although many noticed the rising gold price over the past quarter, most do not realize that is a side-effect of savvy foreign holders of US dollars and bonds dumping the dollar, and not seeing a safe haven in Euros, Yen, or real estate, rushing into to gold as a safe haven asset. They see the value of the US dollar is going down the drain. Regardless of the outcome of the election, the US national debt crisis is going to get worse, says Alasdair Macleod. With foreigners massively dumping US dollars and US Treasuries, gold and silver "are the only protection you should consider," he says.

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