$$$ The race to the Bottom is picking up steam (Currency Devaluation)

The Chinese have adopted the Mantra, if you cannot beat them, you might as well join them, and they achieved this by pegging the Yuan to the Dollar.
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Every nation is using every means at their disposal to devalue their currencies; look at the pound, not to too long ago it took 2 dollars to buy one British pound, today it takes only a 1.50.
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Vietnam decided to devalue its currency twice in a matter of 3 months and 3 times in the last two years, clearly illustrating that they are not going to be left holding the back.
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The race to the bottom that we spoke of several years ago is now picking up steam as each nation competitively devalues its currency to gain a trading edge over its neighbor. In such an environment, one has to move into hard assets as it offers the best means to protect against this outright theft.
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The full article is awesome IMO
here
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http://www.safehaven.com/article-16119.htm