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Why is the dollar not a hard asset

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Reference no: EM13321713

A New York Times column in the fall of 2009 reported that the value of the dollar was falling, in part, because “investors who had sought shelter in the American currency’s perceived stability were beginning to funnel their money into hard assets like gold.”What does the article mean by “hard assets”?

Why is the dollar not a hard asset? 

Reference no: EM13321713

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