5 Reasons NOT to Invest in Gold

Reason #5: The Dollar Is the Global Currency

You may have heard the recent calls from China for a global reserve currency that is not the dollar.

Good luck with that one. The dollar is the global reserve currency. Do not underestimate the strength of this country as compared
to the rest of the world. Predictions of our demise are premature.

Recently, Treasury Secretary Timothy Geithner emphatically declared his belief in a strong dollar policy. Buying gold is like
spitting into the wind then. One thing a trader learns at the start of his training is to never fight the Federal Reserve or the
Treasury department.

If you can remove the clouds of crisis, the clear skies ahead provide comfort to me that gold has seen its best days. Those
worried about massive deficits need to recall that our country was founded with debt, debt that was ultimately paid back.

We make good on our debts, which is why even during this crisis, buyers of Treasury securities remains strong. Note that such
buyers could just as easily buy gold. They are not.

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