Roubini prefers dollar, yen and Swiss franc to gold
Nouriel Roubini, professor at New York University, believes that it may be more profitable to invest in dollar, yen and Swiss franc in case of the double-dip recession in the global economy.

Although the demand for gold is usually high when risk aversion rises, the currencies mentioned above are able to gain more nowadays due to their greater liquidity than gold.

The economist expects that gold that gained 14% this year will stay in its current trading area. Roubini notes that gold price can change sharply only in case of inflation and the world’s financial meltdown and we observe neither of these things.

In addition, the specialist thinks that the pace of US economic growth will decline in the second half of 2010 pointing out at the weak number of newly created jobs.

More info about FBS