Martin is saying the euro is toast and europe will be toast if a brexit occurs.
As a eu resident and if the euro tanks, i would rather have gold then euro's...
Take a look at long term gold in euro's, it has held much better then in $. As a matter of fact look in ANY other currency then the $, gold has held up very good are rcently made new highs in that currency.
I keep my physical gold, but will go long $ also.
I don't have confidence in the euro.
Thank you for the interesting update, XXL66.
I really do not have any special insight into the euro, but I am inclined to believe what you write (and what Armstrong writes). The euro experiment seemed good, but perhaps was not designed well, or perhaps the wealth disparities among the European countries may doom it.
If trouble comes to the world, I would agree, Europe will probably have more problems -- certainly at first -- that the USA. The RAPEFUGEE issue does NOT look like it ie being addressed well by Europe.
And, as you write, a Brexit would hurt Europe.
Holding at least some physical gold seems wise for everyone.
