Posted on 04/28/2011 8:03:50 AM PDT by Rich21IE
what about Canadian money?...
No gain or loss...........They’ll be worth the same........
Hmmm.
I’m right next door to Ontario. Might be worth stocking up on Loonies.
Waiting for the issuance of the Thousand Dollar Bill. A 100 today is worth what a 20 was a few years back.
This week saw broad based dollar weakness across the board with the dollar index dipping to lows not seen since August of 2008. Weighing on the greenback are concerns over the Fed’s loose monetary policy coupled with rising national deficits. Investors shed the dollar in search of riskier, higher-yielding assets as the continuation of Fed easing is viewed as a backstop on economic growth. The dollar index broke below trend line resistance dating back to late 2010 with further downside likely. As debates over how to deal with the massive US deficit rage on Capitol Hill, traders have taken an extremely bearish outlook on the greenback. Inherent problems with the current economic environment and continued monetary easing may lead to further deterioration in the dollar. Even if the White House and Congress were able to devise a plan to reduce deficits by hiking taxes or significantly reducing spending, the Fed may need to maintain super-low rates in order to keep the recovery on proper footing. With such strong conviction against the greenback taking root, these concerns are likely to see the greenback lower. Next week the Fed embarks on a new medium of communication with financial markets via a live press conference in which Bernanke hopes to provide further transparency for investors. While the method of delivery may be new, traders will be looking for the same cues from policymakers with regards to the Fed’s outlook on the economy and signs of policy tightening to come. Notwithstanding any further developments from the Fed or geopolitical shocks, the dollar index continues to target the 100% Fibonacci extension taken from the 2009 and 2010 crests at 73.30. Interim resistance is eyed at 74.70, backed closely by the 75-handle and 75.50. Written by Michael Boutros, Currency Analyst for DailyFX.com
The market is up because investors are looking for any way possible to retain some of the value of their money. My guess is a person needs a 10% annual return on investment just to break even nowadays.
The fed clearly underestimates inflation. Sure, maybe I can get more computer for less these days, but I can’t eat my computer or drive it to work!
Silver up 7% just today.
I've made this point for years. PM's aren't necessarily an investment vehicle but they are an excellent store of value.
Anyone know anything about the SDPR Gold Shares ETF?
Haven’t heard. But there was much speculation to the effect they’d have no other choice. It’s one of those smoke ‘n mirror things. We’re likely to never hear the truth of the matter or the full story.
Yep, a Mercury (90% silver) dime is worth $3.52, right now. Wow.
Each shares tracks 1/10th of an oz. of Gold. They are quite liquid and has shown pretty good gains (obviously) over the couple of years.
One of my IA clients uses this ETF a lot. Decent product, but you do not buy physical gold with this investment.
Keep your silver for now-——I’ll tell you when to sell. Or you’ll know when you need one of your own silver dollars to buy a bag of groceries—————
I’m right next door to Ontario. Might be worth stocking up on Loonies.
The Canadian Dollar is trading at $1.05 American today.
Can never recall another time when that happened.
Buy gold. Not futures. Not options to buy futures. Just gold...and a shotgun and a shack in the woods.
Buy gold. Not futures. Not options to buy futures. Just gold...and a shotgun and a shack in the woods.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.