What do you think the Euro will be this week compared to the USD?

I just sold a house in Europe. If it were you, would you change the Euro's to USD straight away? Or buy gold or silver? Or do you think the Euro will get stronger again after this big free fall?|||Not a shred of doubt in my mind: US dollars. The Euro can be expected to continue dropping, i think it'll get down to parity pronto---because there's nothing to buoy it, let alone serve as a catalyst for trend reversal and subsequent rising.





Len|||If I were you I would probably get out of the Euros as fast as I could. The Euro is finished. Although not immediately but it looks like it will go down a little more then bottom out flat for a while and maybe climb just a bit but overall it looks like it's finished.





I strongly advise you NOT to put any of your assets in USD. If you look at the USD index it has mysteriously surged in the past few weeks but only because the Euro has fallen so quickly compared to the USD. It's an optical illusion to make the USD "appear" stronger but in reality it is just as worse off or maybe even moreso than the Euro. US unemployment is at 22% and rising, the recent 22 trillion dollar stimulus means inflation is definitely on the way (at least for the short term), and not to mention two weeks ago Tim Geithner was telling the Europeans and the Chinese that America will most likely not be a good place to invest in.





Gold and silver related assets are really the only safe place if you want o protect extra wealth. I think gold and silver are incredibly undervalued right now and it just came in the news that JP Morgan was shorting and suppressing the price of gold. Gold has been completely divorced from the markets indicating obvious and blatant manipulation. It is ready to take off any moment. But in this game you shouldn't be looking to get rich, you should be considered in protecting whatever money you have. Anyway, you would probably want physical gold rather than ETFs (GLD) since most likely there will be a scandal enveloping the ETFs that the gold reserves they claim to have are much less than they say. But some assets in an ETF are fine, just don't put all your eggs in one basket.





Your best bets would include currencies denominated by either Canadian or Swiss. But basically I would get the heck out of Euros if I were you. People still can't see the hand writing on the wall.





If you have any other questions email me.