Jan Luthman of Liontrust, on 19 July 2012, has some survival tips for a financial meltdown
1930s USA. Website for this image
Luthman points out that there has not been hyperinflation in the USA or Europe or Japan.
However, Luthman suggests that "this may just be the one time in history when major economies get away with printing money.
"By devaluing our currencies relative to those of low-cost economies, we should be able to price ourselves back into the global economy and re-create at least some of the jobs that we have lost...
"An implosion of the pound, dollar or yen could only realistically be brought about by sudden repudiation of sovereign debt and that seems to me hugely unlikely...
"The euro, however, is different...
"Frankly, it is difficult to see how at least a partial default of a eurozone country could be avoided without massive buying-in of peripheral sovereign debt by the ECB via QE."
Gold has not been doing too well in recent months and is at $1,582 an ounce.