Dump Your Dollars NOW!

CHRONWATCH.COM ^ | NOVEMBER 29, 2004 | NOEL SHEPPARD

[momincombatboots]

From everything I have read, the EU does not appear to be stable. No, we are not buying stuff there, who would want to? Because the Euro is new, it has a "wow, new stuff" value. Because it represents several countries, the misperception is that it is strong.
The Euro dilutes the currency market far more than the currencies it replaced.
That being said, I do not see the EU as a stable organization. It appears to be led by the most corrupt groups, bound to implode. Obviously the USD is taking a hit for the UN OFF scandal. It's only temporary, as always.
As for Japan, we just gotta work on our competetiveness. We have some of the best and brightest in every industry, I do not understand why we do not use that to produce higher quality stuff without labor issues.
I cannot see the implications of Putin in this picture yet, but he's a'comin'.

[Therapsid]

Weak dollar = more trade = stronger country

losers are those saving assets in paper fiat.

or the new unaccounted "paper gold"

country would not die with the dollar.

provisions are already in place for its eventual replacement.

GLTA

[nh1]

I've been reading a bunch of these weak dollar threads, I do not see it as a catastrophic event. I do however see some pain involved if you're not properly invested/hedged.

If there is inflation in the US, those who are up to their necks in debt get to pay it off with cheap dollars. This could be used to an advantage if the dept was incurred to buy investments.

On the other hand, if there is deflation, those who borrow now to buy over priced real estate or other goods, or even refinance at the higher value and invest the proceeds, will end up paying a high price.

The US dollar has already fallen against the Euro and other similar currencies, it seems like the wrong time to buy Euros.

Gold has already appreciated. It could go up more, it could also be at a high.

My question is what to do? Keep money in cash, gold, real estate, stock market?

One thought I had was to hedge using the Yuan, the peg to the dollar has to break at some point.

All thoughts appreciated.

[clee1]

Very true, and very sad.

[Fyscat]

"Keep money in cash, gold, real estate, stock market?"

have to have at least 6 months of cash on hand.

any where from 10% to 25% gold. low end numi is my suggestion.

land if its a fixed rate.

a little stock for your excitement.

[Therapsid]

My post is gone...
It said,

Weak dollar = trade = strong country

The country does not die with the dollar.

Provisions are alreaddy in place for allternate currency.

paper gold without accounting is just another fiat.

hmmm wonder why the first post was removed?

no profanity,no racism, no violence,no personal attacks...