Folks, If you have substantial amount of money, there are not places in the world out there to park your cash. I see only two options at this point. The US dollar and gold.
If you don't like the USD, you are better off with gold, though you may have to watch out for the herd mentality. These days, because gold has been riding high, everybody wants to pile onto this craze. This raises the possibility of gold getting slammed just like oil. A few months ago, I predicted oil would touch $35/barrel and it did. Even though the US economy is in a black hole, the US is still regarded as the top dog. I wouldn't bet against the USD, considering everybody else is suffering from this recession. The only other currency I like is the Chinese Yuan (I got some stuff in the Chinese market). I do not believe the Yuan will fall against the USD regardless of the recession. Given the current situation, the Indian govenment is unlikely to spend their forex reserves to save the rupee from sliding more against the USD. For this reason, I believe the Indian rupee will touch 55 in the short term and then go on to hit the 60 mark within 18 months. Jim F New York.
