you'd think .308 was going o be the new currency the way people been buying them since the boy has been in office...
Posted on 04/24/2011 12:33:17 PM PDT by SeekAndFind
There’s a currency I think of as the “anti-dollar” that continues to appreciate against the US dollar.
Unlike gold, the “anti dollar” can be used to maximize other investments. I’ll reveal this currency in a moment.
But first, why would you want an “anti-dollar” in the first place?
The US has a multi-decade history of borrow and spend. Worse than that, it’s more extreme today than ever before. The government has to borrow about half of what it spends. And policy makers are printing money like crazy to “stimulate” the economy (even if they do give it fancy names like “quantitative easing”).
If there is more money but the same amount of things to buy with it, prices of the things go up, measured in money. This is inflation, and it shows up in different places at different times. Whether its food, gasoline or house prices.
This might sound a bit weird at first, but money has a price like everything else. Looked at in reverse, inflation means the “price” of money has gone down, when measured in “things.” Money has lost value. It buys less.
One way to protect yourself from inflation is to have investments in stronger currencies. These can be held as cash, bonds, stocks, or real estate. Where I live in Argentina, the locals keep their savings in dollars, because they keep their value better than Argentine pesos. Everything’s relative. But there are much stronger currencies than the US dollar.
One such strong currency is the Singapore dollar (SGD).
A hedge fund trader who is a friend of mine recently described it to me as an “Asian version of the Swiss Franc”. This is a big compliment. Switzerland’s currency has been strong for decades, and is well known as a safe haven in times of trouble.
(Excerpt) Read more at businessinsider.com ...
And what happens the the Singapore dollar when Malaysia decides to invade?
One nice scare of the Avian flu will fix that.
No fiat currency is safe.
Quicker than quick. So true! Singapore is at risk not just from Indonesia, though.
Anti-Hint: it is gold.
Some paper currencies are stronger than others, but gold has always been and will remain the ultimate currency. It cannot be printed and is valued the world over. Why take a chance?
If it really hits the fan, gold is useless. I wouldn’t trade goods, foods, ammo and so forth for a pretty metal.
Buy Singapore dollars? No way. A currency that has a city-state status. We have 21 states that has a greater population of 5 million. For over three thousand years man has valued gold. A Buddhists nation-island-state practicing capitalism, used to called off-shore accounts.
The financial prognosticators are going insane.
How could a fiat currency be reliable?
They’re all going down the tube.
>> “If it really hits the fan, gold is useless.” <<
.
Poor analysis!
At some point you will have to turn to commerce beyond your front yard. Your hoard will run out; your neighbor’s hoard will run out. Where do you go then?
You’ll have no choice but to turn to those that were smart enough to keep functioning in a challenging economy, and they will want useful metals more than anything else. In every asian culture gold is king.
Gold and Silver are the only forms of money.
The rest are just currencies.
Currencies are fungible units of account - but they are not stores of value. For something to be money it must be a store of value, as well as being fungible and a unit of account.
you'd think .308 was going o be the new currency the way people been buying them since the boy has been in office...
I’m feeling pretty good about my little bit of Norwegian kroner these days.
The printing press is a form of methamphedrine addiction in the current economy.
Scrap silver and pre-1965 silver coins.
The exception of course is if you have a boatload of currency that you keep in an island bank as long as you play along and use it to buy treasuries or engage in whatever other financial speculation is sanctioned and encouraged. The last thing that the PTB want is "saving", except in currencies that are being trashed.
Economic warfare is the order of the day and if Singapore gets popular, then it will just end up being a target.
The problem with gold says many traders is that way more gold has been sold in certificates and mutual funds than there is actual gold.
If everyone wanted their gold today who has “invested” in it there would not be enough to go around.
Now I don’t have any facts, But this looks like a big bubble if true. You could really push the price sky high if you never deliver the goods and convince investors its safe even though there is nothing.... there
We don’t need an anti-dollar if we stop sending our jobs, money and technology to other countries.
Singapore has become the new trading center for Asia, now that Hong Kong is part of the People’s Republic of China. Despite Hong Kong being a special administrative region, many western companies have moved their Asian headquarters from Hong Kong to Singapore. Additionally, Singapore is closer to India, so it makes an ideal location to manage trade with both India and China.
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