That is whats going on. China pegged the yuan to match the dollar regardless. Short memories abound.
Well then the superior man would invest in a currecny which has good worh but not tied to this cycle. It is interestingthough that China is buying a lot of gold, not through government purchase, but throuohg millions of small purchhases by citizens. The government advized people to buy gold, and they are. This in part is why the price of gold escaped the control of its Western bankers, whi are scambling to keep up to minimize that trend, by sellinng gold, but the west is running out of it. India is also doing that.
Which nation has the most gold? Perhaps that is where to put ones money. Cnada , for example, has tremendous untapped gold resources, laying in the ground.Silver companies make good investments these days as well.The demand is going up and soon there will be a cyclic crash
as the dollar and yuan further weaken, in about 30 to 40 days, which will provide an excellent opportunity to buy into silver.Three months ago silver was at 13.70 USD. per ounce, now it runs between 17.00 and 17.80.I like Candian silver companies’ equities that stock pile their metals, they are like small banks.