Is the smart Irish money leaving the euro for the dollar?

In this morning's FT, there is an interesting article entitled "Wary Irish reluctant to jeopardise recovery." In it, one Bernard O'Reilly, a retired civil servant, is said to believe that many Irish citizens are voting for the fiscal discipline treaty out of fear. This fear has other implications: "If Greece goes down," Mr. O'Reilly said, "we are next in the firing line. I know people who are trying to put their money into US dollars. We just don't know what is going to happen here." Is "smart money" going into the dollar? Does this explain the weakness of gold? The money is going into the dollar, but it's not smart. It's a trap for investors based in other currencies.