tag:blogger.com,1999:blog-19769829.post6372312007727033307..comments2024-02-09T19:44:17.241+00:00Comments on AngloAustria: Gold treads water on fears of stronger dollarJack Maturinhttp://www.blogger.com/profile/00903651577858853608noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-19769829.post-65232397117116694132009-04-01T12:36:00.000+01:002009-04-01T12:36:00.000+01:00When answering that question for themselves people...When answering that question for themselves people need to ask what the best way is to defend themselves against price inflation over the next few years. If that is the question put then I fail to see why sbdy would weant to hold their savings/investment in sterling - they'll just evaporate. <BR/><BR/>As for the dollar - well Bernie-the-bank man is going crazy with the printing press aswell. Other govts are clearly speaking out against the dollar as a reserve currency because of their fear that it will collapse. Maybe some investors feel the plans that Geithner annouced the other week will ensure prosperity and there is clear evidence that another bubble may be coming our way (due to all the monetary expansion of late). But thats short term. In my view. Long term there will be another downturn and another crisis.<BR/><BR/>Then again as I said in the post about joing the Euro & Peter Schiff I am a knob cos I fell for the Euro April fool joke on Capitalists at Work. So best not to take my advice ...not an economisthttps://www.blogger.com/profile/08679610738502901666noreply@blogger.com