| What will the Arabs, Chinese and Japanese do with their $Trillions? |
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With over $2 trillion in reserves and talk of diversifying out of the US dollar, where will the cash rich Arabs, Chinese and Japanese put all their money? In the short term, few currencies have the depth to absorb such large amounts of money. A fair bet would be Euro, Swiss Franc, Sterling, Gold (I refer to Gold as a currency which is what it is rather than as a commodity which many people think it is,) Yen, and Yuan. |
