sandspider

The Poor, Poor Dollar

I must agree with Ozzy43. You have a fluctuation of one fiat vs another fiat. Faith and credit but nothing else. Trading a salmon for a tuna and back again depending on the taste of the day, The South African Rand has dropped tremendously against the dollar in terms of purchasing power but yet the $$ is droping as well. FXF would be the only play in hard times because traditionally it seems to have been a storehouse of faith. But the Swiss are in this crises as well. So back to my favorite which has stood the test of time...gold and silver...or silver and gold. I know the gold markets in Dubai are going great guns these days. Europeans, Americans, Orientals and a mixed bag of other folks are always there and they are always buying. And they are driving BMW, Audi and Mercedes...me I take the bus but I have my hand outstretched as well with my fist full of Durims, Dinar and $$ to trade...