Question for Oprano experts on international economics

[melody]

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?

[Winetalk.com]

I don't see how dealing oil in Euros by Iran would hurt USA.
Bonds are expensive and so are precious metals now.
I don't see the rise of inflation either.

I personally find the best values today in 1 year CD's paying close to 5% with ZERO chance of losing money and 100% safety

http://www.bankrate.com/brm/rate/hig...416&product=15

[Mike AI]

Originally Posted by Winetalk.com

I don't see how dealing oil in Euros by Iran would hurt USA.
Bonds are expensive and so are precious metals now.
I don't see the rise of inflation either.

I personally find the best values today in 1 year CD's paying close to 5% with ZERO chance of losing money and 100% safety

http://www.bankrate.com/brm/rate/hig...416&product=15

Ditto. Iran is 34th in the world in GNP. The United States has prevented any business with Iran since the late 1970s.

http://en.wikipedia.org/wiki/List_of..._%28nominal%29

[melody]

Thanks, guys.

I keep hearing that this is going to foment some massive abandonment of the dollar large-scale. I thought it sounded like wishful thinking on my European friend's part, although I suspect he meant well in warning me. Probably something somewhere in between. We can hope no one's economy will be affected.

[Mike AI]

Originally Posted by melody

Thanks, guys.

I keep hearing that this is going to foment some massive abandonment of the dollar large-scale. I thought it sounded like wishful thinking on my European friend's part, although I suspect he meant well in warning me. Probably something somewhere in between. We can hope no one's economy will be affected.

Over the next 20-50 years the United States will still be the United States.

Do you think there will be an EU? Certainly there will be in EU as recently envisioned with member Countries, including France, rejecting the EU Constitution.

[Winetalk.com]

..and if Euro goes under par in relation to the dollar-
I'm buying Euro denominated securities/real estate.

[slavdogg]

I dont know if Iran can move from dollars to euro's for their oil
Iran is an Opec member and OPEC prices are set to dollars.
Russians are more likely to move away from dollars and into euros than Iranians are at this point.

[gold4dinar]

Originally Posted by Mike AI

Over the next 20-50 years the United States will still be the United States.

Do you think there will be an EU?