Peso Becoming Top Carry-Trade Currency as Exports Soar: Argentina Credit

[nikad]

Gold is valued in US dollars ( a devalued currency atm )

 

[nikad]

The main reason for the very high inflation in Argentina right now is the weakness of the US dollar and for this reason in Pesos the prices are skyrocketing. In Brazil inflation is much less but their currency the Real has been allowed to float and has more than doubled in value in three years .

To many people are fooled by fiat currencies where their history has always been very short . Redrum is right when he says buy silver as it is a great investment.

Dilma said today that she is considering a devaluation of the Real in Brazil...

 

[azerty]

Which can only benefit brazilian tourist industry, badly hit by the devaluation of the Dollar and the Euro against their currency.

 

[ghost]

The main reason for the very high inflation in Argentina right now is the weakness of the US dollar and for this reason in Pesos the prices are skyrocketing. In Brazil inflation is much less but their currency the Real has been allowed to float and has more than doubled in value in three years .

To many people are fooled by fiat currencies where their history has always been very short . Redrum is right when he says buy silver as it is a great investment.

"The main reason"........there are many reasons, but that is a long, long way from the main reason.