Right now, bonds issued by emerging market governments in their local currencies appear to offer far and away the most compelling investment opportunity. (researchaffiliates.com)
Gold - backed currencies are for limited governments, and in general, most emerging market governments don't think that way. (alephblog.com)
Emerging market governments often gear their monetary policy to aid their exporters, which forces them to absorb the loose or tight monetary policy of the developed nations. (alephblog.com)