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Message:: [QUOTE="V. Kurt Bellman, post: 1984642, member: 71723"]There IS still one reason to hold US dollars, no, actually two. The first is obvious - if your game is foreign exchange, either as a trader or as one who needs to manage risk because you need to handle international transactions as your gig. And that implicates the second one - if you are in need of purchasing things whose prices are denominated in US dollars, you're going to need some. And THAT is the primary factor that drives ALL exchange rates, and NOT monetary policy. That's a newer game, invented by speculators. It's just like in the late 70's and early 80's, when my dad was distributing Swiss machinery in North America. Part of my daily life was following the exchange rates between the US dollar, Canadian dollar, and Swiss Franc and managing how much of each to hold. At the time, a single sale here was MINIMUM $160,000 US. So yah, whether a dollar looks good to you depends on what your main alternative is, and your time horizon. If your PM purchases are just extra funds you can afford to park long term, yah, do it, particularly at these levels. (But ANYONE who was still buying ANY silver in 2011 at $45+, I'm sorry but THAT was a moron.) But if you're using funds you'll need sooner or intermediate term, then WOW, you are REALLY biting off a whole lot of risk to chew on.[/QUOTE]