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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: ild who wrote (215380)1/17/2003 2:10:19 PM
From: Tommaso  Read Replies (1) of 436258
 
You know, not one of those recommendations includes putting your money into another currency.

If the dollar falls, what does it fall against? How do you measure the "fall" of the dollar? Against gold? No. What happens is the price of gold in dollars goes up. You buy gold because you think ALL currencies are going to "fall" against gold.

So what measures the "fall" of the dollar? Is that too hard? If the dollar "falls" it falls as measured by other currencies.

But to say that is just as naive as to say that the purpose of sex is to cause babies to be born. Everyone knows now that that's not true. <G>

That article did not even mention energy as a hedge against a "falling" dollar.

If there is that much fundamental ignorance around, the opportunities for accumulating wealth are enormous.

I think it's about time David Tice paid me a fee every time I mention his funds, but his Safe Harbor fund, IMO, can hardly be beat as a place to make money from a falling dollar. There you have both gold and currencies that stand a chance of staying harder than the U. S. Dollar.
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