 |
Tai, RAPatton, edythe and 2 other people liked this
Chris, Morton Fox what are you buying instead of saving dollars? - Adam Thorsen
I haven't done anything yet, but have been thinking GLD, USO, and a Euro money market. - Chris White
His comments today echo the themes in his latest book ``A Bull in China: Investing Profitably in the World's Greatest Market,'' in which he tells investors to get out of the dollar, teach their children Chinese and buy commodities. - silpol
I have some physical gold and silver. I also bought GLD, IAU, CEF, SLV, and an assortment of oil and coal stocks. - Morton Fox
Diversification is always important but it pretty rare for the US economy to be down and the rest of the world to be up. Investing some money in Asia & Europe is a good idea but pulling out of the dollar completely doesn't make a lot of sense. - Kevin D. White
I'm almost all US cash right now. I wish I had been smarter and followed my gut back at the beginning of the year, but at least I wasn't in stocks. I think financial advisors are changing their tune regarding commodities and currency diversification. It used to be only 5% was advised, but now it should be a lot more to combat devaluation and inflation. If you are in the stock market, you are doubly screwed because the market is down, and the market is in dollars, which is also down. - Chris White
The Dow is at about 8960 if you account for the fall of the dollar since Oct 2007. - Chris White
they say EU will be hit too - gas prices in UK will start to grow seriously in August, and apparently contineet will follow... - silpol
for those with (almost) all cash in USD it might make sense to move part into renewable energy, like wind electricity etc - silpol
The ECB has been pursuing an anti-inflationary monetary policy, while the Fed has not. In addition, gas prices in Europe are already at above $9 per gallon in USD. The price of oil is a global commodity currently priced at $144 per barrel in USD. The fact that the euro has been continually outpacing the dollar keeps their oil prices down compared to ours. - Chris White
Most of my 401(k) has been in foreign funds for the last several years and has consistently done better than the US funds. - Oliver Ortega Chua