(this has been translated so some of the text may be hard to read)

“Governments have the right to print money, and their regulation, have always manipulated. The decline of confidence in the dollar, not to mention the other currencies, creating the likelihood of occurrence of gold equivalent, or” digital gold, which always can be exchanged for real gold, “- said in an interview with Style.

Russia and China, and after them, and several other countries this year put forward the idea of switching to the way the International Monetary Fund – Special drawing rights (SDRs) – instead of dollar.

SDRs are used to regulate the balance of payments linked to the cost of a basket of the course of the four major currencies: U.S. Dollar, Euro, Japanese yen and British pound sterling.

“Any transition to the new monetary system will be accompanied by a very painful process, including crises and social upheaval. Therefore, the move away from the dollar to a basket of four currencies, which, in essence, is also a printed paper, has no rational grain – believed Style. – Calls upon the Government of China to introduce special drawing rights, but is it possible to imagine that the Chinese farmer wants to save money in obscure SDR, which counts some of the IMF headquarters in Washington? “.

This devaluation gold, he does not expect as when using the highest technology and the concentration of resources in gold, an increase of gold reserves on a global scale can not exceed 6% per year, says Style.

Experts estimate that the national reserves,including international financial institutions, in 2005 there were approximately 31 thousand tons of gold.

“Virtual gold” to challenge the U.S. dollar against the will of governments, especially the U.S. administration, which at the legislative level will behinder the expansion of its turnover. However, care will be supported in the gold markets and private investors, says expert.

The appearance of “gold banks” to lend and are gold deposits in terms he described as still narrow, but very dynamic niche market.

Style skeptical about the possibility of new reserve currencies, or the replacement of the dollar to the euro, because Europe can not be varied to carry out a coherent policy for global economy its currency through inflation budget deficit, as do the United States.

The crisis also exposed the vulnerability of the Russian ruble, weakening its application to the role of a global exchange of peace, says expert. “The Russian ruble has been a typical commodity currency rate which is directly dependent on oil and gas prices. I think the crisis has hit the ambitions of the ruble, claim a place among the leading world currencies at the peak in oil prices. ”

The fate of the dollar is vulnerable only to political factors,namely, if China stops buying U.S. bonds and start dumping them, thus initiating a trend globally. China, for him, buys 30% of all U.S. Treasury bonds that, given the almost zero return, he called”free credit United States.”

However, starting dumping bonds, China to devalue its own assets, “- said the expert.

In the foreign exchange reserves of China is 1.5 trillion dollars.

“The only safe way to alleviate monozavisimost from U.S. to China – is to accumulate gold, no implications for the dollar to the euro. I will not be surprised if China begins to rapidly accumulate their gold reserves, “- said Style.

The tendency to a weakening of the dollar will be increase in the world, says an expert. However, the transition to the “virtual gold” as a major world currency he called the possible scenario if the MOF did not demonstrate the United States more responsible approach and not be able to restore confidence to the dollar.

“Investing in gold can be lucrative, especially if you believe that everything else in the world will collapse”, – considers Style.

Sources: http://investfunds.com.ua/ via http://realt5000.com.ua/news/723073/?lng=en