The coming US dollar crisis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ggersh who wrote ()	1/21/2009 6:47:15 PM
From: maceng2	Read Replies (1) of 71456

I have been scared of the falling dollar for some time, yet I moved my savings out of UK pounds in September, and finally bought equal amounts of gold and silver. In UK pounds those pm buys are up 25% since then as of today. I see pm's as perhaps a volatile investment but rock solid value with much upside potential. I'm new to the currency market, and now have a small USD sell underwater, it's doing it's hedge job though and at this point I am not going to box it as it's just about the point when things have a good chance of turning. I am tempted to sell more USD's but I can see how easily it is to slip into Nick Leeson mode barking up the wrong tree until broke. If the USD/CAD hits 1.3 I will review things again. I must watch the movie some time -g- nickleeson.com The USD/JPY looks to have had a big shock today, oh it must of been Volker telling the truth again... Comments from former Fed Chairman Volcker triggered a wave of risk aversion that led to a technical break in the currency market. He said “we are in serious recession, with no end clearly in sight.” greenfaucet.com so there ya go... beware of risk aversion waves -g-

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next