Gold and collectables are often the hard currency investments of choice in a fiat currency world
Fine art has periodically been
an international currency for decades. Today, with interest rates low and the
global economy mostly recovering, art is back in fashion as a record price (in
nominal terms) for this splendid picture
by Picasso testifies.
David Fuller's view Sotheby's
sale a day latter produced similarly strong
bidding.
$30 Million
for a Bugatti Coupe - This article
from Bloomberg continues the theme with a different form of collectible.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a6mClLJTlV4E
Meanwhile,
gold remains the most enduring alternative
currency and store of wealth.