From what I noticed at the time of the GFC the Aussie was quite strong due to our continued support of the materials sector by China. I've mentioned before, I do not believe that will be the case this time.
Swiss franc might be one to consider and possibly a bargain at present compared to USD.
JPY may have lost its shine due to continued reduction in investment into Japan.
The Euro is not likely to be considered safe due to their economies near implosion. I believe Germany has gone into recession with their last report. How many others are teetering?
There is a lot of talk that gold standard currencies are coming back into fashion especially among the BRICS countries. My concern here is the competition this creates with USD and therefore a threat. Does this partly explain why gold is dumping at present?
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