<<IMO the dollar selloff will follow shortly, causing gold and silver prices to continue to move higher>>

Sell off versus WHAT? IMO, all fiat is doomed. Gresham's law is alive and well.

"President Lincoln once asked the members of his cabinet, “If I say my dogs tail is a leg, how many legs does my dog have”? All of his cabinet members agreed that now the dog would have five legs. “No,” said Lincoln. “My dog has four legs. Calling a tail a leg does not make it one.” Likewise, calling a Federal Reserve Note money does not make it money. It is an “I owe you nothing” currency.

We are taught to believe there is money, but the value only exists in our minds because we believe it does. Like the people in the movie “The Matrix”, believing they were living lives they really weren’t, we go through life believing we are working for money, when in reality we are working for nothing.

Before the conspiracy to steal the money could be pulled off, a doppelganger of our money had to be created. Federal Reserve Notes were first made legal tender December 23, 1913. They were redeemable for gold and therefore at that time they were soft money and were accepted by everyone. After April 15, 1933 they were no longer redeemable for gold, but were redeemable for lawful money, or silver. In 1956 this was no longer printed on them, and in 1963 they became redeemable for nothing of value.

This brings us to “Gresham’s Law”. Sir Thomas Gresham (1519-1579) was a financier and advisor to Queen Elizabeth. Gresham’s Law states that bad money forces out good money. When more than one form of money of different values are forced by legal tender laws to be treated as equal, such as gold or silver versus Federal Reserve Notes, the good money which has a higher value will be horded and taken out of circulation leaving only the bad money. Why would you buy something with gold when you can get it for nothing? This very thing happened in the United States in 1965 when the coins were no longer made with silver. Silver coins disappeared virtually overnight.

Add to this the fact that the Bretton Woods Agreement of July 1944 tied all currencies of the world to the value of the American currency. After 1973 when then President Nixon took the U.S. off the Gold Standard for good, all the worlds currencies became worthless fiat currencies."

http://www.unexplained-mysteries.com/col...