Ask both persons 20 years later who bought a basket of stock representing the S&P 500 and a person who bought gold the year that article was published.
Who do you think did better. (gold does not pay dividends either)
I wouldn't look at the EUR as an indicator of imported inflation. The biggest exporters to the US are Canada, Mexico and China. The EURUSD could goto 2.00 tomorrow (all else equal) and it wouldn't have much impact on US inflation.
The European Union and the United States have the largest bilateral trade relationship in the world
In 2006 the EU and the US combined economies accounted for nearly 60% of global GDP, 33% of world trade in goods and 42% of world trade in services. The EU and the US are each other's main trading partners. Trade flows across the Atlantic amount to around â¬1.7 billion every day. The two economies are interdependent to a high degree. Close to a quarter of all EU-US trade consists of transactions within firms based on their investments on either side of the Atlantic.
The transatlantic relationship also defines the shape of the global economy as a whole as either the EU or the US is also the largest trade and investment partner for almost all other countries in the global economy. Total FDI stocks held in each others countries reach approximately â¬1.89 trillion. The overall "transatlantic workforce" is estimated at 12 to 14 million people, of which roughly half are Americans who owe their jobs directly or indirectly to EU companies.
