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The reason gold is a more effective hedge against the dollar than euros is that it can't be spewed out of a printing press in infinite quanitities. Any of the paper currencies can be destroyed by the governments that issue them. Many of us here in the States think we're well down that path. There's no real reason to believe the euro is in any better hands.
I hold physical gold and silver, stock in a silver miner (PAAS), and shares in a fund that owns precious metals. Some of you might want to check out the fund. It's the Central Fund of Canada, ticker CEF. Note that at any given time it can trade at a premium or a discount to the actual value of the holdings, just like any closed end fund can.
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