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May 20, 2010

The Euro Remains More Reliable Than The Dollar

For all of its new faults, the euro remains more reliable than the dollar. Once the re-rating process is complete, and the euro finds a new floor, I expect the dollar to resume its relative slide against its transatlantic cousin. Meanwhile, I expect both currencies to continue to lose value relative to gold and other key currencies.

in Europac.net

Related ETF`s: SPDR Gold Trust (ETF) (Public, NYSE:GLD)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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