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<p>[QUOTE="Anthorn, post: 1443224, member: 38072"]Personally, I think that anyone keeping their money in currency has to be a little bit bonkers. The Euro has been teetering over the edge for a long time and and the rescue packages temporarily cure the effect but not the cause which is lack of growth. The U.K. which is said to be in recovery is actually in a double-dip recession. The effect of the Euro falling is likely to be yet another worldwide recession affecting a world which is already in recovery mode from the last one. It will hit the U.K. like a ton of bricks, have a profound effect on U.S.A., other foreign countries like China will be affected and of course all countries in the Eurozone will fall along with the Euro.</p><p><br /></p><p>So taking the above into consideration which is a worst-case scenario, probably the only place to put money is into gold.[/QUOTE]</p><p><br /></p>
[QUOTE="Anthorn, post: 1443224, member: 38072"]Personally, I think that anyone keeping their money in currency has to be a little bit bonkers. The Euro has been teetering over the edge for a long time and and the rescue packages temporarily cure the effect but not the cause which is lack of growth. The U.K. which is said to be in recovery is actually in a double-dip recession. The effect of the Euro falling is likely to be yet another worldwide recession affecting a world which is already in recovery mode from the last one. It will hit the U.K. like a ton of bricks, have a profound effect on U.S.A., other foreign countries like China will be affected and of course all countries in the Eurozone will fall along with the Euro. So taking the above into consideration which is a worst-case scenario, probably the only place to put money is into gold.[/QUOTE]
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