Submitted by tom on
There is an interesting op-ed in China Daily that discusses and questions the U.S. dollar's status as the reserve currency of the world's financial system.
The author is EVP of the "China Center for International Economic Exchanges.
The author explains how the dollar depreciation that has occurred (97.2 percent against gold) since the collapse of the Bretton Woods system in the early 1970s "slowly steals the wealth of owners with dollar-denominated assets," and that "the recent financial crisis made some dollar-denominated securities vanish instantly."
Submitted by Anonymous on
Given the current market rally, especially in commodities, would you consider it to be a good investment opportunity for long-term investors? I ask after reading about growing demands for natural resources from China and other industrializing nations.
Also, would you recommend that an investor choose ETFs in commodities or directly invest in commodities themselves? And would it be a wise investment for future retire planning?
Thanks,
William Do
