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Best way to speculate for a falling USD
- Thread starter TM1982
- Start date
Quote from TM1982:
If you don't agree that the USD is going to crumble, that's fine, I don't care.
But if you were to be playing that trade, how would you put it on? What's the best way to play it?
Long DXDDX?
Selling the Euro/Aus Future?
Selling the US Dollar Index Future?
Probably the best way (you are going to laugh) is to put your money into CASH foreign currency. That way you aren't dependent on broker system errors and you won't be looking at a huge DD in case your broker accidently closes you position.
You can also open a foreign bank account and convert your USD to any other currency.
Since the dollar is still the world reserve currency. You buy commodities. Oil, food, agriculture, metals.
Quote from short&naked:
Probably the best way (you are going to laugh) is to put your money into CASH foreign currency. That way you aren't dependent on broker system errors and you won't be looking at a huge DD in case your broker accidently closes you position.
You can also open a foreign bank account and convert your USD to any other currency.
But then you wouldn't really be ahead right, you would essentially have the same amount of money you would had there been no inflation. Isn't there a way to not only maintain but increase?
Quote from makloda:
Forget those nonsense commodity bets. If you want to short the Dollar, then short the Dollar. US Dollar futures are liquid enough and trade 24 hours.
That was my initial thought as it gives you huge leverage. Just converting USD to another currency really doesn't do much for you except provide shelter.
Have considered that you might be wrong about your prediction about the dollar, and what effects would that have on your plans?