The question - have consistently raised over all these years is: how long will the German taxpayer continue to pay for the Euro?

It looks as if the Germans are finally going to withdfraw the carpet from under the Euro

Expect initially a devaluation of the Euro, then of the PIGS currencies as well as of the Chinese

Expect all commodities (including gold) to decline substantially following the Chinese currency down, and loss of demand

At present, it is difficult to see where stability is to be found.

What comes to mind, as - have said rarlier, is the dollar, the Swiss Franc and perhaps the Indian Rupee (possibly also the British Pound - though the decline of the Euro may happen too fast to really benefit it)

Prabhu Guptara