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Strategies & Market Trends : The coming US dollar crisis
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To: Tommaso who wrote (24093)11/10/2009 9:42:26 AM
From: gregor_us8 Recommendations  Read Replies (1) of 71463
 
Something I've been mulling over is that it's not just we, who are in North America, that need protection against USD debasement. It's pretty much everyone in the world that needs protection. At some point here, also, it's going to be clear which regions/countries are going to say "screw it" and will then halt any effort to chase the USD down the slope. I suppose at those junctures, those particular paper currencies will be treated by markets as being good as gold. One wonders, for example, that Australia has already made such a decision.

I was on the phone to someone in Auckland last week, and I found myself saying "If I was in Australia, I wouldn't even bother with gold juniors, or too many equities. I'd just keep earning a salary and banking as many AUD dollars as possible, maybe with a 10-15% exposure to gold bullion."

G
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