Interesting read that took me back to my economics degree.
In a nutshell, if you do not have the time to read this…
Long on Gold
Be careful with holding USD – it’s reserve currency attribute might be now even more at risk.
Most people don’t pay enough attention to their currency risks. Most worry about whether their assets are going up or down in value; they rarely worry about whether their currency is going up or down. Think about it. Right now how worried are you about your currency declining relative to how worried you are about how your stocks or your other assets are doing? If you are like most people, you are not nearly as aware of your currency risk and you need to be.
So let’s explore that currency risk.
All Currencies Have Been Devalued or Died