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Argument: Shifts from dollar reserves should not be based on the short-term difficulties

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Revision as of 21:02, 29 January 2008; Brooks Lindsay (Talk | contribs)
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Supporting evidence

  • "Only Gold Can Replace the Greenback As the World's Reserve Currency". Seeking Alpha. January 25, 2008 - "The Euro is currently riding high thanks to strength and optimism in the European economy. Although there is currently a differential in interest rates earned by holding Euros vs. holding dollars, this gap, in theory, should not be sufficient to warrant a massive move from dollar to Euro. Except for the most nimble of traders, future expectations of growth and inflation would arbitrage away any gains achieved in the near term."

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