Gold vs. Dollar Devaluation

"SOME SAGE gold watchers are expecting a major Dollar devaluation before the end of the year, writes Julian Phillips of the Gold Forecaster.

Some say it could be any day now. Certainly the fundamentals have pointed that way, as we have discussed for some time now, this despite the repeated "Strong Dollar Policy" statement from this and the last US administration.

The concept is no doubt alarming and implies a radical change in global economics. We believe that should such an event occur it should be seen as a culmination of major changes precipitated by the 'credit crunch', the rise of China and the imperative need for a change in the currency world to accommodate these events. If such a change is not made, the currency world will see major structural fractures that will hurt the stability of the global economy, dramatically."

http://goldnews.bullionvault.com/gold_dollar_devaluation_100820097