Growing unease about dollar as US deficits grow

From Forbes.com

"I think the dollar will continue to drop," Schiff said in an interview. "Based on what we've done, it could lose 70 to 80 percent of its value over the next five to 10 years.

"The dollar is no longer as good as gold. It's no longer better than any other currency."

The dollar's current strength hasn't kept officials in China and Russia from dropping strong hints that the world needs to look for alternatives. Both developed and developing nations are especially concerned about their reserves, which are essentially national savings invested in gold and foreign currencies, mainly dollars.