This is a report from the Washington Post and they would not want to write that the euro, dollar, or any other fiat currency is worthless and owning gold is the thing to do.
The Japanese have learned the hard lesson about fiat currency. Japan has seen their yen drop from 130 to 80 in the past two years. The smart Japanese investor would have bought gold when the yen was worth 130.
The same is probably going to be true for the US investor. The US Dollar index is now in the high 90’s. It is probably a good time to sell dollars and buy gold.
Thanks for the answer. Time to buy gold indeed!
This is a good thing for the Japanese. Look at it like this. I was in Japan when the yen was 300 to the dollar. Say you bought a bottle of beer for 300 yen. You paid in essence, a dollar. Years later, when the yen was 100 to the dollar, the same beer would cost you three dollars. When the yen is low like this, Japanese tourism to America increases, and American tourism to Japan decreases. The "higher" the yen goes, the better it is for Americans. And of course, by higher I mean that you can get more yen for the dollars, not less.