Supermodel Swears Off Dollar

Giselle joins trend, demanding payment in another currency
By Asta Hostetter,  Newser User
Posted Nov 5, 2007 9:25 PM CST

(Newser) – Gisele Bundchen, who pulled in $33M in front of the camera this year, doesn't like the looks of the dollar. Following the lead of billionaires Warren Buffett and Bill Gross, the world's richest model is asking to be paid in some other currency, usually the euro. “We don't know what will happen to the dollar,'' commented Patricia Bundchen, the model’s twin and manager.

Indeed, analysts expect the dollar to weaken further as the home mortgage crisis continues to undermine housing prices. The dollar fell to its lowest ever last week against the euro, the Canadian dollar, and the yuan, and its lowest in 26 years against the pound, reports Bloomberg. "We've told all of our clients that if you only had one idea, one investment, it would be to buy an investment in a non- dollar currency,'' said Gross, manager of the world's biggest bond fund.