Us dollar devaluation!

Northern Boy · 01-25-2009, 09:17 PM

I feel this will happen soon and extremely fast once it starts it will fall like an avalanche there will be no up and down . It will hinge on what Obama decides to do . The world is in watch and wait mode right now

silverman · 01-25-2009, 09:48 PM

Quote:

Originally Posted by Northern Boy

I feel this will happen soon and extremely fast once it starts it will fall like an avalanche there will be no up and down . It will hinge on what Obama decides to do . The world is in watch and wait mode right now

Timing is difficult to say. Some experts say over a couple of months or 2 to 3 years.

I look at the price of gold which reaching new highs almost every day in British Pound, EURO or Swiss Francs...

I am pretty sure that President Obama will have to announce more than just to print more and more dollars....

I guess we know about this in the coming weeks!

Cheers, silverman

gretsico · 01-25-2009, 10:44 PM

gold is also in new territory in Aus. & NZ $$...

01-25-2009, 09:17 PM	#1
Northern Boy Avalon Senior Member Join Date: Oct 2008 Location: On this Rock Posts: 1,390	Re: Us dollar devaluation! I feel this will happen soon and extremely fast once it starts it will fall like an avalanche there will be no up and down . It will hinge on what Obama decides to do . The world is in watch and wait mode right now

01-25-2009, 10:44 PM	#3
gretsico Avalon Senior Member Join Date: Sep 2008 Location: brisvegas Posts: 19	Re: Us dollar devaluation! gold is also in new territory in Aus. & NZ $$...