Monday, January 24, 2005

Central banks shift reserves away from US - Financial Times Article

FT.com / World / International economy - Central banks shift reserves away from US

"In actions likely to undermine the dollar's value on currency markets, 70 per cent of central bank reserve managers said they had increased their exposure to the euro over the past two years. The majority thought eurozone money and debt markets were as attractive a destination for investment as the US."

Question: At what point in the dollar's continuing slide does it make sense to diversify into gold and/or other non-dollar denominated investments??

Answer: IMMEDIATELY!!