Re: Arabs converting to the Euro?

alfalfa@xxxxxxxxxxxx wrote:
Nope. They're doing neither. They're just getting out of the U.S.
dollar
because everyone else is. The U.S. dollar is going down as a reserve
currency because there is such a huge amount of U.S. national debt.
The price of gold has been skyrocketing since Fall 2005. This is a
long-term trend. See, the Arabs like money, and they won't let their
political beliefs prevent them from making a buck. If the U.S. dollar
was the best reserve currency, that's what they'd store their money in.
Instead, the dollar now sucks as a reserve currency, and it will lose
more and more value over the years. So the Arab states are
diversifying
their reserve money into Euros and gold. And if you were smart you
might consider following the Arabs' example and exchanging your U.S.
dollar cash savings into Euros and gold. Although, if everyone
converts
dollars to Euros, the Euro will go downhill, as paper Euros are diluted
by
too many paper dollars. But gold cannot be diluted by paper money so
it will just go up.

I think I understand.
I thought gold was at an all time high right now? As for Gold, what
should I do, go on ebay and buy some Krugerrands?

.

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