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Question: “I’m currently in the forex market and have been positioning myself for the inevitable collapse of the US dollar. In your opinion, what is the best currency to buy against the USD?”
Answer: “I think the best thing to buy is real money: gold. I think the dollar will lose more value relative to gold than it will relative to any of the other fiat currencies. It’s possible that the RNB (renminbi) under the right circumstances, if China does the right thing, maybe it could outperform gold, but I don’t think so.”