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To: Mike Darancette
You've got a point. Too much wealth is stored in dollars for the world's currencies to let it fail.

More than anywhere on earth the US is still seen as a safe haven and that means the dollar i,s too.

Since currency is valued relatively, I think the dollar will continue on as a storehouse of value. Gold is a play, but the goldbugs (I am not using it as an insult, just a description) are usually wrong. That said, I am not endorsing fiat currency as the best store of value.

14 posted on 03/10/2009 11:07:08 AM PDT by 1010RD (First Do No Harm)
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To: 1010RD

Since currency is valued relatively, I think the dollar will continue on as a storehouse of value. Gold is a play, but the goldbugs (I am not using it as an insult, just a description) are usually wrong. That said, I am not endorsing fiat currency as the best store of value
_________________________

USD was strong in the 1930s last time we had deflation


16 posted on 03/10/2009 11:09:00 AM PDT by dennisw (Archimedes--- Give me a lever long enough and a fulcrum to place it, and I shall move the Earth)
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