Quote Originally Posted by Organ Morgan. View Post
Yeah, it's the US dollar's turn to have a place at the front of the worst currency race and consequently the pound, euro and yen rise against it. But never forget that nothing backs any of them. The foundations that supports them are intangible ones, faith and confidence. Once those disappear we'll have a crack-up boom as people rush to exchange their rapidly depreciating paper.

Some examples here of what happened in Germany between 1919-1923. http://www.bbc.co.uk/education/guides/z89dcwx/revision
That is true of everything that has value though. Whether its diesel cars falling out of favour. Or gold becoming more or less popular. Or housing. Tell me something that has a value that is not subject to falling prices when people stop backing them?

You seem to think Gold is a safe bet, but its no different to Art, to Houses, to Currency. It has a perceived value, perceptions change, and therefore values to. Whether or not something is a tangible asset or not doesn't change matters. What use is gold if everything goes kaput.

Do you try and understand how currencies fluctuate? https://www.fxstreet.com/economic-calendar Using this page is a start. Economic shocks are not on their but by nature they are not really predictable.