[Bloody Sam Roberts]

I think it is inevitable. Once Europe goes down the tubes the first step is taken.

If Europe crashes then precious metals priced in dollars may see a significant fall.

[Ghost of Philip Marlowe]

There are several other factors involved.

If the Euro crashes, the ChiComs and Japanese are going to have to decide what to do with their forex investments, whether to switch them or dump them and take on more commodities. The ChiComs are likely to dump some of their commodities.

What’s important to keep in mind, though, is that the flight to the US dollar will only be temporary. The world is already realizing that we are Greece.

We’re the tallest midget in the room. But we are all midgets, and we ain’t getting any taller.