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To: exit82

We may wind up with a currency reset at some point —

Can I avoid some if this by buying a bunch of Swiss Francs, or other foreign currency (actual paper currency)?


72 posted on 10/10/2015 9:12:10 PM PDT by Scrambler Bob (Using 4th keyboard due to wearing out the "/" and "s" on the previous 3)
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To: Scrambler Bob

The problem is that all currencies are failing, and the dollar will fail last most likely.

Then there is the problem of how you exchange the paper for what you need, at the time you need it, and in what marketplace?

That is why many are going to gold and silver.

Their value will never go to zero as many paper currencies have.

Gold is tracked, and silver takes up a lot of space and weight for an equivalent amount.

But at least they are convertible into any currency at any time.

Before, currency failures/depressions were limited to a country or area.

This time it is shaping up to be worldwide.

No safe havens there.

Worst scenario is like the Weimar Republic in Germany after WW1.

Hpyerinflation of the currency, and hard assets are the only thing that retains value.

Property and self sufficiency will rule the day.


73 posted on 10/11/2015 4:20:49 AM PDT by exit82 ("The Taliban is on the inside of the building" E. Nordstrom 10-10-12)
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