Message:

<p>[QUOTE=&quot;fatima, post: 876585, member: 22143&quot;]Yep.&nbsp; The fundamental problems behind the Euro, and it is not equivalent to the $ or any sovereign currency in the world, are showing their face now that things have gotten ugly.&nbsp;&nbsp; Poor countries that entered the Eurozone are treating it like a big credit card, while the rich countries are being told to pay the bill.&nbsp;&nbsp; The problem is that nobody is standing up and saying &quot;I am European, we must make it work&quot;.&nbsp; Instead it&#039;s, what is good for Germany, Greece, Spain, etc etc.&nbsp;&nbsp; As bad off as the $ is, at least it&#039;s people still support it, it&#039;s not a creation of treaties, and there isn&#039;t a chance the USA will dump it for something else.&nbsp; &nbsp;&nbsp; Most have missed this over the years and have touted the Euro as a good alternative reserve currency.&nbsp; Now that its &quot;danger danger Will Robinson&quot;, there are people panicking, and are looking for alternatives.&nbsp; &nbsp; </p><p><br /></p><p>While the Eurozone (where Euro is used) might not break up, the events right now sure don&#039;t give people with assets denominated in Euros a good feeling that things will be fine.&nbsp; In other words if the country I am in leaves the Eurozone and goes back to the original currency, what will be the conversion?&nbsp; My guess, not a good one.&nbsp; If another country did this, what happens to the Euro?&nbsp;&nbsp; </p><p><br /></p><p>It&#039;s this uncertainty that is driving people with the means to put their money in elsewhere.&nbsp;&nbsp; So what choices do they have?&nbsp; They can put money in banks in other currencies.&nbsp; Some options are the Swiss Frank, British Pound, and of course the $.&nbsp; A lot of money is doing this. I can&#039;t speak for the Swiss Frank, but the Pound is heading to the toilet too so that leaves the $.&nbsp;&nbsp; haha.&nbsp;&nbsp; Ones in the know however, and probably the ones in the know enough to know the issues, are probably buying PMs and probably that is mostly gold.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in