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Originally posted by arthurium
reply to post by civilchallenger
What's interesting about that chart is that it's being indexed against other fiat currencies, and still it's the weakest of the bunch.
Also, from a technical standpoint each high is lower than the last, and each low is lower. If it falls below the 75 level (the low of 2008) that could drive even more investors out of US denominated assets.
Originally posted by incrediblelousminds
reply to post by burdman30ott6
This is my general feeling about investing n gold and other metals. It's still valued against the dollar, right?
People are EXCITED that the value of gold has increased in relation to the dollar. But if the dollar truly tanked, which would mean the whole world economy tanks, I have a hard time seeing the dollar retaining much value in the short run. Who would buy it, and with what? Chickens and goats?edit on 23-4-2011 by incrediblelousminds because: (no reason given)
Originally posted by burdman30ott6
If you expect the US Dollar to collapse, investing the Canadian dollars is a horrible idea. If the United States falls, it will definitely drag Canada, Mexico, and likely much of Europe down to the bottom with it.