I would like to discuss whether there is a case among anyone here for holding US dollars at least short/mid term as either a diversification of a temporary hedging strategy. Apparently this topic is gaining momentum at least in Asia where many people are starting to treat this as a haven play. They are treating US dollars with an equal weight of importance to gold (many people are suggesting to buy Gold AND US Dollars, without distinguishing the nature of both), which I guess is pretty sacrilegious to the nature of this forum, but I can see a case of at least holding this very temporarily. Their logic is that it will still be better than their local currency (minus the Yen) and I can see the case where the Dollar would have relative strength against theirs. My question is would this be relevant with the Australian Market? Though the AUD is relatively popular, its not as widely used as the USD and at least in the short/mid term, it is showing that the USD is holding better than the AUD. If anyone here is holding USD as an investment or hedge, could I ask why one is doing so? Is it to get more metals due to a favourable currency? Why would you do that instead of going directly to the metals? Would anyone here hold US Dollars or any other currency (except for AUD for obvious reasons) and if so, why?