Originally Posted by rush2112
Greece is not Argentina where they were trying to get their money out and turn it into a tangible asset before it turned to dust. They would be trying to get their money out while it was still the Euro, which would retain a high value.
There really wouldn't be a need for any of the other countries to do the same unless their residents were sure their governments were on the verge of dumping the Euro.
If there was to be a cascading effect over there and the Euro was taken down, that would only cause the Dollar to keep rising in value as it is today. The Euro was still above $1.30 last Wednesday and is below $1.27 right now.
You want to flee your currency when it is crumbling not when it is experiencing high trading levels. That's not to say it wouldn't be the best time to purchase more of things like Silver that have a world price versus a US price tag like a Big Mac that wouldn't change price, even it the value of the Dollar double on the world market.
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