Dollar Going to be Kicked Off its Perch

money-graphics-2008_872158aRob Kirby arranges gold sales between buyers and sellers by the ton. Kirby says the biggest concern for his customers is the U.S. dollar. Kirby says, “The dollar is going to be kicked off its perch. That is a guarantee. It’s only a matter of time . . . The universal message is people are trying to get, for the most part, as much of their assets into physical precious metals as they can. Precious metal is getting increasingly hard to buy.”

Has Kirby seen demand for precious metals higher than right now? Kirby says, “No, I haven’t. I also have never seen this much interest to procure or own physical precious metal. Up until 2010, central banks were net sellers of gold, and since 2010, they have been net buyers of physical precious metal, and they never bought more than last year, except this year will be bigger than last year.

See the video here.

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