Question for Oprano experts on international economics

melody · 02-20-2006

Hey, Nick and Serge and Mike, et al,

I'm on the verge of moving my stocks into bonds and precious metals due to the Iranian oil bourse matter upcoming in March. Before doing so, I thought I would check with my friends the money magicians over here to get your respective take on this. If Iran (and other nations) start dealing oil in Euros rather than in dollars, how huge a hit will this be to the US economy? Will there be any safe investment? I'm wondering if we'll need to cutback on imports as well as print a lot of dollars, meaning inflation and loss of wages and all manner of nightmares.

Any input?

02-20-2006	#1
melody Members Join Date: Dec 2004 Posts: 74	Question for Oprano experts on international economics Hey, Nick and Serge and Mike, et al, I'm on the verge of moving my stocks into bonds and precious metals due to the Iranian oil bourse matter upcoming in March. Before doing so, I thought I would check with my friends the money magicians over here to get your respective take on this. If Iran (and other nations) start dealing oil in Euros rather than in dollars, how huge a hit will this be to the US economy? Will there be any safe investment? I'm wondering if we'll need to cutback on imports as well as print a lot of dollars, meaning inflation and loss of wages and all manner of nightmares. Any input?