Dollar at all time low

In the markets the dollar hit an all time low against the euro. The decline in the dollar has not just hurt the US due to higher prices, the eurozone is suffering due to a decline in trade as their goods are being too expensive.

First housing was affected, now the entire economy is in trouble and now we see that the decline in the dollar is affecting the whole world. I predict that people will move to precious metals in an attempt to hold value.