What are people's thoughts on this? I think the US and Britain are in much deeper trouble than many realise, due to our incredible levels of public debt. I believe this debt has no realistic chance of ever being repaid or even being brought back to sane levels, indeed the debt is continuing to balloon at an alarming rate. Much as I have always been opposed to the euro, at this particular moment we would be safer within the eurozone because to me, the pound is looking awfully exposed as things stand. I think there is a real chance either the pound or the dollar could collapse in the not too distant future. Britain and the US are both effectively insolvent. Gold and silver have both risen sharply over the last year. China is quietly disposing of its large reserves of dollars and buying real goods like gold and hoarding other real commodities while it can. Most mainstream media and economists are silent about these issues, the consensus seems to be that this is just another recession which we have to weather, and afterwards we will just go on the way we did before. I think it is very different this time and many people are in for a hell of a shock. In the medium to long term I think the euro will collapse as well, but for now it looks a safer bet than the dollar or sterling. If you have all your money in either of those currencies I would seriously consider the euro or gold/silver. Just in case.