Is it time to shed dollars?

[xpat]

Here is a sampling of articles about the state of the US economy and the dollar. It looks like the proverbial fit has finally hit the shan. There's a lot to read here, so take your time.

These first two articles from Monday's Financial Times require a paid subscription to view today. The gist is that a survey of about 60 central banks shows that they are dumping dollars for euros and plan to continue doing so.


http://www.emailthis.clickability.com/et/emailThis?clickMap=viewThis&etMailToID=1676102327

http://www.emailthis.clickability.com/et/emailThis?clickMap=viewThis&etMailToID=1455695566

The remaining articles are still visible:

http://news.bbc.co.uk/go/pr/fr/-/1/hi/business/4209527.stm

http://www.iht.com/articles/2005/01/26/business/trade.html

http://iht.com/pdfs/ihtfrontpage.pdf

http://www.nytimes.com/2005/01/26/business/26trade.html?oref=login&oref=login

http://www.telegram.com/apps/pbcs.dll/article?AID=/20050126/APF/501260983

[info being]

1. Definately diversify your savings

Put some in a foreign currency...or GLD...or a mutual fund that has stakes in foreign companies.

[Karmadillo]

2. Just curious, but if one wanted to invest in foreign currency, what are

some of the better ways to do it?

[Cleita]

3. I was thinking of it.

As soon as I get my deceased husband's affairs straightened out I am going to start looking into putting some savings in euros. Right now I feel that supporting our financial institutions is supporting Bush.