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U.S. economy...smells like Stagflation..
- Thread starter TheDudeofLife
- Start date
buy gold/silver. futures, not equities. if there is indeed a dollar "crash" - all paper will be worth much much less in dollar terms, and credit will be tightened significantly. other currencies such as euro/yen may protect you, but not in the event of a global financial meltdown.
gold and silver will be the only real stores of value, so buy the futures, or buy the bullion.
gold and silver will be the only real stores of value, so buy the futures, or buy the bullion.
the catch is if there is a meltdown will the counterparties honor their agreements (like futures, etc). Unlikely.
if you're really concerned, I'd get bullion and store it somewhere. I dont think things will function as you think they will in a meltdown.
I think the government is trying to slowly devalue without causing a crisis.
if you're really concerned, I'd get bullion and store it somewhere. I dont think things will function as you think they will in a meltdown.
I think the government is trying to slowly devalue without causing a crisis.
"..Jim Rogers, co-founder of the Quantum hedge fund with George Soros in the 1970s, recommends investors ``get out of Western stocks and the U.S. dollar and buy commodities.''
``The U.S., once the largest creditor nation, is now the largest debtor nation,'' Rogers said in a speech at the Next Generation of Commodity Investment conference in London yesterday. ``The country is increasing its foreign debts by $1 trillion every 15 months. The dollar is the world's medium of exchange, but that's changing. We are a bull market in commodities.''
http://www.bloomberg.com/apps/news?pid=20601012&sid=abJfxAvhSslw&refer=commodities
``The U.S., once the largest creditor nation, is now the largest debtor nation,'' Rogers said in a speech at the Next Generation of Commodity Investment conference in London yesterday. ``The country is increasing its foreign debts by $1 trillion every 15 months. The dollar is the world's medium of exchange, but that's changing. We are a bull market in commodities.''
http://www.bloomberg.com/apps/news?pid=20601012&sid=abJfxAvhSslw&refer=commodities
Quote from empee:
I think the government is trying to slowly devalue without causing a crisis.
You are probably correct as it is in no ones best interest to melt the dollar as it is petro backed and does not need to be earned, just simply printed.
One day it may be toast, but I suspect in the meantime we are all going to learn to adjust to a slow decline.
All curencies are fiat (paper) nowadays. All modern economies survive through contained inflation. We must have inflation so that we do not have deflation, which would be much worse. The dream of any central bank in the world is to maintain a continuous inflation of between 1 and 2 percent, no more and no less.
http://www.usatoday.com/money/economy/productivity/2006-11-02-labor-costs-productivity_x.htm?csp=34
""Poor data led to a policy action that amplified speculative activity," Fisher said, adding that the slumping housing market is complicating Fed efforts to create "sustainable non-inflationary growth"
Yea, sure, blame the data. This is like blaming bad directions for the reason you drove a bus off of a cliff..
""Poor data led to a policy action that amplified speculative activity," Fisher said, adding that the slumping housing market is complicating Fed efforts to create "sustainable non-inflationary growth"
Yea, sure, blame the data. This is like blaming bad directions for the reason you drove a bus off of a cliff..