Fears that the US dollar will collapse are nonsense, and doomsayers are often hawking gold, investment chief says

• Dollar collapse fears are bogus as the greenback can’t be replaced anytime soon, Brad McMillan said.
• A lot of the talk is often from doomsayers trying to push gold, Commonwealth Financial’s CIO said.
• The dollar “is not only the established choice and, in most cases, the smart choice, but it is the only choice.”

Fears that the US dollar will crash are completely overblown as the greenback cannot be replaced anytime soon, the CIO of Commonwealth Financial Network wrote in a recent blog post. 

Brad McMillan acknowledged that he has been getting a flood questions about the dollar in recent weeks, largely asking whether its value will collapse and render savings worthless. But that can’t happen in the short to medium term, he added.