Any U.S. citizen can exchange Dollars for gold in too many ways to list. Foreigners can also exchange Dollars for gold on many exchanges.

I don't see the point of this sentence. "Any Chinese citizen can exchange yuan for gold in the Shanghai gold exchange. Foreigners can also exchange yuan for gold on the international Shanghai exchange."

I have sizable positions in gold and cash. I do expect to see some market corrections in both equities and gold and I am prepared for them even if they are severe but I would not predict a severe correction anytime soon. The "powers that be" seem to be able to moderate and kick the can down the road.

Making a move now anticipating a change in the Dollar's status as the world' reserve currency is premature.

TEK