06-29-2011, 03:19 PM
Nagora Wrote:You might have noticed that the Euro isn't apparently very weak despite all this. This reflects the fact that the world's economy is reckoned to be fragile. Basically, all currencies are weak together. Gold is currently at about $1500/oz. People are selling dollars, pounds, euros, yen, and whatever else they have and are buying gold with it. Money as a whole is weak, in other words, while solid objects like oil, gold, even coffee and foods are going up in cost.
Well, here comes inflation then, right? The funny thing is developing countries' currencies may not be affected as much. I'm thinking of putting some investments into SE asia (in the local currency).