When asked if the dollar will lose its status as the world's reserve currency at The Economist Buttonwood conference in New York this week, hedge-fund manager George Soros paraphrased Winston Churchill, saying, "The dollar is the worst currency except for all the alternatives."

He also noted, "There is a general flight from currencies." The world is finally waking up to the fact that the dollar is doomed... And a "flight from currencies" means money should be – and is – flowing into the world's best currency, one that is nobody's liability... gold.