[quote=“Anyone for Tiffin?”]We Britons say ‘Buy the Groat!’ and only trade in eggs and chickens.
As an Englishman, I would say buy gold to be safe, as any of the major currencies could take a fall at any time, but the $ and Yen are probably the safest bet at present. The once mighty £ has been well and truly fucked by Crash Gordon and his merry band, so it may look tempting at its current rate, but I wouldn’t bank on it.[/quote]
I disagree about American dollars, as they are hanging on a cliff edge at the moment. The Yen is also a bit of a bubble right now, although I haven’t done much research into the Japanese currency as it affects my investments little if any at this time.
I’d put my money in pounds way before U.S. dollars for the long term, not to say that I would buy pounds either. We are selling ours at this time to buy more gold.
You are right about purchasing gold to be safe, and that is the pill that is needed at this time to ride out the serious bout of flu that the U.S. is sneezing on everyone.
Gold will outperform all currencies by the end of this year. Yes, you can quote me on that.
Easy! Buy gold and silver!
I’m rarely so insistent about things, but I simply can’t see any other alternative. If anyone has any evidence that U.S. dollars, or pounds can somehow magically become worth more long term in the face of serious inflation by bailout process, than I’ll be damned, as it simply flies in the face of reason and all logic.