Collapse of the US $ and its impact on the World

Actually, very few currencies are pegged to USD, such as HKD and CNY. The vast majority are floating.

If the USD collapses:
1. Gold and Silver skyrocket they are not fiat currency
2. Oil and other necessary high demand commodities also go through the roof
3. Other countries with similar policies (printing currency and significantly increasing debt) will also collapse at the same time by association
4. Shares are unlikely to perform well. During a catastrophic financial event, market uncertainty causes shares prices to drop, especially in USA as all foreign investors rush to get their money out of US stocks and into commodities as a store of value.

Typically, during a crisis of any kind, currencies such as AUD and NZD perform poorly as money moves to less speculative economies. The most likely safer currencies in such a scenario are JPY and EUR as fund managers pile their money back into home currencies for safe keeping.

It is very possible that USD could collapse due to hyperinflation, according to some very respected analysts. I strongly suggest going to http://www.chrismartenson.com for his Crash Course which is excellent and interesting viewing.

Chris Martenson produced this information before the Global Financial Crisis. In the crash course he outlines some fascinating facts on fiat money, the US system for money creation and highlights the key issue of scarce commodities that will start running out soon, particularly focusing on peak oil.

My personal pick of the best performing commodity of the next 30 years however is silver. At the current rate of consumption,all known silver deposits will have been extracted in 30 years time. Silver could easily become worth as much as gold. It has special properties which are required in a number of industries, notably electronic components. There is no adequate substitute and given the tiny quantities in a large range of products, it is very difficult to extract to recycle.

If you want to bet on a USD collapse, buy physical silver in significant quantities and hold for the long term. Holding silver on paper won’t mean anything in a financial collapse.

One of the key reasons to hold gold and silver is in the event of economic collapse or near collapse. I’m not familiar with the site you mention, but having someone owe you real gold or silver is definitely not the same thing as actually holding the physical asset during a financial meltdown.

IMHO, the best place to hold physical silver is in your own personal vault.  Don't trust anyone else to "hold" it for you!

From all the reading I have done, MATTNZ is right on the money with excellent research.  The Crash Course is extremely interesting and I also recommend the following:

http://www.goldsilver.com  (check out the videos)
http://www.silverstockreport.com/index2.html (his free newsletter is worth signing up to)
http://www.hsdent.com/ (excellent info about economic change)
http://www.rufftimes.com/

Buy up silver now while it's so cheap!!!!!

Vicky

I agree with Kong, in fact  "Guide to Investing in Gold & Silver" is the most favorite book I have in my Library at the moment, very loved and well worn!  Mike Maloney is my hero!!!!