euro/dollar exchange rate speculation

[Smokeyone]

With the media hype about currency speculation and the possibility of the euro crashing to be on a par with the dollar - would it also follow that the euro/sterling rate would improve for us.........

[presto]

i personally see the EURO declining, the PIIGS (portugal, ireland, italy, greece and spain), are in serious trouble through dept. check 'moneyweek' or 'this is money' fore more details.

this leaves the US $ in a better position as a reserve currency, which will see money moving out of the euro into the $ - and to some extent the likes of the gbp£, swiss frank even the yen.

having said that though the £ isn't in a great position, especially with dept (think i heard we rack up £1-6K a second in dept ). long term the US$ is also in a terrible state.

i must admit though FOREX is not my main interest, i prefer commodities, so would go for the likes of gold and especially silver as a store of wealth. (physical not derrivative) vs fiat paper.

[Smokeyone]

So if the euro declines against the dollar it would also decline against the pound....and if it ended up virtually a euro for a dollar I guess we would be getting a euro fifty to the pound.
So you can see gold going further - suppose that might be part of the reason
there are tele commercials for buying gold and a little shop has opened near me that just buys gold - of course I assume they give a very bad rate...