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fonzie
19-04-2008, 10:54 PM
How long can the dollar remain the world's most important reserve currency? I stumbled on this article. Perhaps you may like to read it and get a better perspective. Teach your children....

http://www.progress.org/2004/econo01.htm

Cheers!
FonZie

pywong
20-04-2008, 11:52 AM
The value of the USD is measured using the USD Index. The USD index measures the performance of the US Dollar against a basket of currencies. As you can see there, the current index is 71.98
http://stockcharts.com/charts/gallery.html?$usd

It is speculated that the value has to drop to 50 before it will stabilize, a drop of 30%. This has been a major cause of inflation. If our ringgit follows accordingly, we will suffer the same quantum of inflation.

As the USD and RM drops, gold will go up, sometime at a higher rate.

Watch gold price here to see how it can protect us against inflation.

www.kitco.com - click the gold charts.