Generally avoiding sensationalist analyses and reports, this past week, oilprice.com published a column titled, the ‘War on Gold Has Begun’.
While gold and US dollar are natural rivals, American oligarchs aim to supplant gold with US currency, the column attempts to paint a bleak future for gold.
It also reinforces the narrative of how everyone needs US dollars. This is wishful thinking.
‘Gold vs the US dollar’ is an old debate. The fact remains that in times of uncertainty, gold is still a secure and preferred choice for many people to safeguard their wealth.
As the economic uncertainty continues due to COVID-19 crisis, people will naturally seek ways to safeguard their wealth. Gold provides a traditionally safe method.
While the gold vs US dollar argument lingers on, it is highly likely that with the quickening pace of the US empire’s decline pace over the next few years, more people will opt for gold.
It will be interesting to keep track of gold prices if Donald Trump is re-elected as president, guaranteeing further internal instability for the already declining US empire.
Courtesy: www.oilprice.com
America’s political system is rotten to the core. A tiny parasitical class at the top—less than 1% of the population—was hitherto able to divide people along race and ethnic lines. Most people h...
Twenty-five years ago, a horrific crime was perpetrated by the Serbs against Muslims in the heart of Europe in Srebrenica. Thousands of Muslim men and boys were massacred while the women were raped in...
Muslims must carefully examine the origin of Hadith literature and consider whether some vested interests have deliberately manipulated these to suit their own agenda. It is important to sift the genu...
Sporadic acts of looting during protests against police brutality led the A...
America is not run by people occupying ministerial or congressional seats. ...
The blow-up between India and China on the frozen peaks of the Himalayan mo...
Police brutality in the US is inter-woven into the ruling power structure...
More than three-quarters of Americans live from paycheck to paycheck while ...
The Islamic movement was missing from anti-government protests in Algeria l...
The Saudi regime will allow about 1000 people from the kingdom to perform Hajj this year but not Muslims from outside because of the pandemic. Muslims must work to end Bani Saud’s illegal occupation...
For Trump, exit from Afghanistan before the November presidential elections is the one act that he can present as ‘achievement’ of sorts. But is the American establishment prepared to allow him to...
Iran’s mineral wealth estimated at $700 billion may reach as high as $1.4 trillion. Once brought on stream, it will make Islamic Iran an economic powerhouse in the region. It is already a regional m...
Iran’s oil and food shipments to Venezuela are a game-changer that challenge US hegemony in its backyard. Iran sees Venezuela as a fellow victim of US-Nato bullying and is willing to extend a helpin...
Will Afghanistan finally have peace after 40 years of war and bloodshed? Th...
The latest round of Western sanctions on Syria are meant to starve the peop...
For the second time in a decade, the global community rejected Canada’s b...
Despite ongoing protests against the killing of Black people by police in the US, little meaningful change can be expected
“Yemeni people are not bad people, they are good people. They want to be respected; they want their sovereignty to be respected. We did n...
There are two wars going on simultaneously against Muslims: the military war and propaganda war. The imperialists and Zionists not only occu...
There is no shortage of people willing to serve foreign masters. Salina Khan looks at the theatrics of a self-styled Shaikhul Islam.
The confirmation on June 24 that Muhammad Mursi, the candidate representing the Ikhwan al-Muslimeen, had been elected President of Egypt, ha...
YUSUF AL-KHABBAZ discusses modern and traditional Islamic ways of understanding culture, with particular reference to the challenges faci...
1
The scourge of secularization is spreading so rapidly in Pakistan that Islam, the Qur’an and hadith are now openly ridiculed in educationa...
