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If "world exchange currency" is changed, what will happen to our US currency?
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<p>[QUOTE="desertgem, post: 1275547, member: 15199"]When this type of talk started several years ago, the USD was at around .72, and the Euro was 1.45, and everyone spoke of the USD becoming "worthless", and Gold/Silver as the safe haven. Isn't quite working out that way at this moment. The USD is near .80 and the Euro at 1.32, and the safe haven ( As determined by US and international currency movement ) has become the USD, and not Gold at $2000+. But amazingly, there are still people ( especially on other coin and bullion forums) who still believe the USD is still dropping etc.</p><p><br /></p><p>People generally believe that a strongest currency is the best for a country, but not necessarily a country who is highly export/import based as the US. A strong dollar reduces our export flow and our manufacturing base ( multinationals ), When the USD drops to .72 and the Euro is again 1.45, I might worry about a change in the world's reserve currency. The Swiss hooking the Franc to the Euro prevented the Franc from running away.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1275547, member: 15199"]When this type of talk started several years ago, the USD was at around .72, and the Euro was 1.45, and everyone spoke of the USD becoming "worthless", and Gold/Silver as the safe haven. Isn't quite working out that way at this moment. The USD is near .80 and the Euro at 1.32, and the safe haven ( As determined by US and international currency movement ) has become the USD, and not Gold at $2000+. But amazingly, there are still people ( especially on other coin and bullion forums) who still believe the USD is still dropping etc. People generally believe that a strongest currency is the best for a country, but not necessarily a country who is highly export/import based as the US. A strong dollar reduces our export flow and our manufacturing base ( multinationals ), When the USD drops to .72 and the Euro is again 1.45, I might worry about a change in the world's reserve currency. The Swiss hooking the Franc to the Euro prevented the Franc from running away. Jim[/QUOTE]
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