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Comparison of various safe haven assets, YTD, May 24th 2012

Comparison of various safe haven assets, YTD, May 24th 2012

As Europe continues to mire about in crisis, China slows, Japan gets downgraded and the Swiss maintain their controversial Euro / Swiss Franc peg a curious thing is happening; money is flowing into America and the US Dollar and only America and the US Dollar. The chart above shows the role of the US Dollar compared to non US Dollar assets from January 1st 2012 to May 24th 2012. If the asset isn’t dollar denominated, folks don’t want to own it. Pretty simple really.

Of course that means its a good time to buy these assets. I still like gold and silver myself and am using these depressed prices to add to my positions.

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