New reserve currency?

  • Thread starter edpell
  • Start date
  • #1
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Prof. Stiglitz of Columbia University said:

"The current reserve system is in the process of fraying," the Columbia University economics professor said at a conference in Bankok. "The dollar is not a good store of value. Right now, the dollar is yielding almost no return and yet anybody looking at the dollar has to say there's a high degree of risk."

Any thoughts on what we can use to replace the "fraying" dollar?

Being a Columbia graduate I am fond of the University and its professors. :)
 

Answers and Replies

  • #2
calculusrocks
The obvious answer is gold, or a basket of precious metals. Gold is often purchased for its store value.
 
  • #3
jtbell
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Quatloos. :biggrin:
 
  • #4
Ivan Seeking
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A high degree of risk compared to what; the Euro?
 
  • #5
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Quatloos. :biggrin:
Did the veins in your head flutter when you typed that?
 
  • #7
mheslep
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The obvious answer is gold, or a basket of precious metals. Gold is often purchased for its store value.
Gold can't offer an expanding money supply as the economy expands.
 
  • #8
calculusrocks
Gold can't offer an expanding money supply as the economy expands.

Gold does offer value, however, when the money supply expands to an absurdity.
 
  • #9
My vote goes to the peso. Mexico's good for the money.
 

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